Survey: Big Schemes Survey 2017
Key findings:
- 97% of final salary schemes in the survey are either closed to new members or to future accrual.
- 57% of schemes have a deficit on their company accounting basis.
- £60 million is the average annual employer deficit contribution.
- 80% median annual increase in transfer values paid out for some of the very largest schemes.
Barnett Waddingham's survey uses publically available data up to 31 October 2016, and covers more than 160 schemes. However, not all schemes are included within each section of the survey.