The future of pensions – with Paul Kitson, UK head of pensions consulting at EY
Paul is a Partner and UK Head of Pensions Consulting at EY. He leads a team focused on advising pension funds and their corporate sponsors across the UK. Paul and has worked with some of the largest defined benefit and defined contribution pension funds in the UK including the British Airways Pension Schemes and the BBC.
In this episode, Charlotte Moore is joined by Paul Kitson, UK head of pensions consulting at EY, to explore the rapidly evolving pensions landscape in the UK.
They discuss the Department for Work and Pensions’ recent response to the Work and Pensions Select Committee’s report on defined benefit (DB) schemes. We discuss potential changes to PPF funding, how schemes’ surpluses can be spent as well as whether collective defined contribution (CDC) could provide retirement income.
🔍 Key topics include:
• The £10bn+ surplus in the PPF and what it means for DB schemes
• Whether the PPF can provide the security to drive more schemes to run-on
• The risks of underfunded DC pensions — and possible solutions
• Whether CDC is a viable retirement income option
• The importance of policy clarity on surplus use
• Paul’s wishlist if he were Pensions Minister for a day!
• Why member engagement and value-for-money must evolve
If you want to understand how the UK’s £3 trillion pensions industry is changing — and what that means for employers, employees, and the economy — this episode is a must-watch.
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ABOUT THE HOST:
Charlotte Moore is an award-winning journalist and co-founder of Moore Squared Communications. She has spent almost two decades writing about how the UK’s largest investment organisations allocate their capital for a number of different specialist magazines including Professional Pensions, IPE and MandateWire. She started this podcast to increase understanding of how and why the UK’s £3 trillion pensions industry invests its members’ capital to provide the best possible retirement.
🔗 https://lotsmoore.co.uk/
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#Pensions #Retirement #DBSchemes #EY #PaulKitson #CDC #UKPensions #Surplus #Investment #ValueForMoney #PensionPolicy #CharlotteMoore #ProfessionalPensions #FinancialPlanning
The Professional Investment Podcast
Welcome to the Professional Investment Podcast! This podcast is targeted at people involved in the professional investment industry – in particular, those who are involved in how large institutions, such as pension schemes and insurance companies, allocate their billions.
We will be talking to chief investment officers, head of sustainability and the consultants, pension schemes and insurance companies responsible for generating retirement wealth. And our audience are those involved in the professional investment chain.
Where can you listen?
