Anne-Marie Winton comments in Pensions Expert re Smiths Group claws back deficit after 8-year fight
Anne-Marie comments on Smiths Group reporting a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign in Pensions Expert.
Anne-Marie said trustees needed to be prepared to have “commercial conversations” with scheme sponsors about the time horizon for tackling legacy liabilities.
She added that “sometimes trustees think it’s not their role.”
“[Trustees] could be more proactive by asking, ‘How long do you want these liabilities to run on for?'”
Read the full article in Pensions Expert here.
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