Defined Benefit Pension Schemes Stick or Twist??

Defined Benefit (DB) Pension schemes are fast becoming a foot note in the financial history books.  Once considered the Rolls Royce of pensions, over the past 25 years the number of DB schemes has dwindled from over 22,000 back in 1996 to a little over 600 today. Of the schemes still in force, 75% are closed to new entrants and 25% do not meet the required funding standard*
(*IAPF 2018 survey on Defined Benefit (DB) pension schemes in Ireland)

Many companies operating DB Schemes are seeking to reduce their obligations & liabilities and so are offering enhanced transfer values to their scheme members – But what is the right thing to do?

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