Defined Benefit Pension Timebomb

Excellent article by Dominic Coyle in today’s Irish Times. The article  highlights the ever growing issue of funding gaps in many high profile Defined Benefit Pension Schemes here in Ireland with the gap now standing at €5.7bn at the end of July, up 97% since the start of the year.

The article outlines the impact of Quantitative Easing which has pushed bond yields negative as well as the potential issues now facing the companies sponsoring these schemes following Brexit.

Members of Defined Benefit Pension Schemes should seek independent advice to ensure that they can fully clarify if their scheme has been affected by these issues.

Source – Irish 09/08/2016