Pressure increasing on DB pension trustees to fully fund schemes
Trustees of defined benefit pension schemes are coming under increasing pressure to fully fund them, therefore putting employers under pressure to pay out.
In the 1970s and 80s, if a company was to put a pension scheme in place for their staff, it would likely be a final salary, or defined benefit pension scheme. This was done regardless of size, and was offered to employees as a promised benefit based on the number of years they worked for the company, and the salary they earned.
Read more at the Accountancy Age.