Defined benefit (DB) scheme running cost research

onsdag, 24 september 2014

The Pensions Regulator commissioned IFF Research to undertake quantitative research to better understand the costs of administering defined benefit (DB) pension schemes. A total of 316 private sector schemes, which are the focus on this report, completed the survey.

The research was undertaken between 12 September 2013 and 1
November 2013 and used an online self-completion questionnaire to collect cost information on the following seven cost areas:
Administration;
Independent trustee fees;
Actuarial;
Legal;
Covenant;
Investment;
Other external costs not included above.