Many defined benefit schemes are in a position where they experience negative cashflows. This happens because each month or year as they pay more in benefits than they receive in contributions. There is nothing wrong with this, of course. In fact, … Continue reading Walking Uphill: How to Manage Negative Cashflows
Every pension scheme is unique. Each differs in its current position, where it is looking to go and also by the constraints it faces.
That said, there are commonalities which can help schemes understand where they are now and prepare for where they go next. Using the language of chess, we believe there are three distinct and progressive stages in which all schemes operate:
- Opening Game
- Middle Game
- End Game