SRC Wealth Management | a Chartered Financial Planning company that provides specialist advice on defined benefit pension transfers

Brexit uncertainty is bad for DB schemes


Data produced by JLT Employee Benefits showed that UK private defined benefit (DB) schemes shortfalls increased by c. £59bn to £119bn in the final month of 2018.  According to JLT the shortfall increase can be directly attributed to Brexit uncertainties which have weighed heavily on UK financial markets.  That said, the overall funding picture for DB schemes is improving,  and any upturn in the UK economy should have a positive impact.