Thursday 29th May 2008
The increasing pace of pension scheme closures has failed to dent the optimism of scheme trustees, a new report has claimed.
Aon quizzed 234 trustees of pension schemes currently in the red over their sentiments for their long term prospects.
Of those who responded, some 58 per cent said they believed their scheme will be in surplus in a decade's time.
The majority of these expect that this will be fuelled by contributions to be made by the sponsoring employer of the scheme.
Paul McGlone, principal and actuary at the firm, said: "The bullish attitude of a large proportion of the surveyed trustees is encouraging and reflects the belief that schemes are, in the main, adequately funded by the sponsoring employer.
"These trustees seem to have embraced the recent scheme funding legislation, which promotes open communication with the employer over the funding of the scheme."
However, despite trustees' broadly positive outlook 27 per cent said they expected that their schemes would still be in deficit in ten years time.
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Pensions
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