Schemes and sponsors: Issues in defined benefit pension provision in the United Kingdom

This dissertation considers issues arising from the interaction between the defined benefit pension schemes and their sponsoring employers. If the pension scheme is in deficit - so has liabilities in excess of the assets held - then the shortfall must be made up by the sponsor; if there is a surplus of assets over liabilities, then the sponsor can use this to reduce the level of contributions payable.EThOS - Electronic Theses Online ServiceGBUnited Kingdo