Defined Benefit


PLSA's Caroline Escott provides an insight into what progress we can expect to see in relation to DB over the rest of the year and into 2019. She also recaps on the key areas of focus outlined in the DB White Paper (published earlier this year).



Defined benefit (DB) pensions schemes, and the 7.3 million people who are actively saving with them, are facing unprecedented challenges. Increased longevity, difficult market conditions and a tough regulatory environment are all contributing factors.

In response to these challenges, many DB schemes have closed over the last decade. The Pensions and Lifetime Savings Association argue that DB provision needs to be supported to prevent decline from posing a threat to the security of members’ pension provision and the role that DB pension schemes play in UK investment.

The Pensions and Lifetime Savings Association also has many local government members, which include over 70% of the 101 funds that make up the Local Government Pension Scheme.


Meet the team

Joe Dabrowski

Deputy Director - Policy

Meet the team

Tiffany Tsang

Head of DB, LGPS & Investment

Meet the team

Louise Whatham

Policy Adviser: DB & LGPS