The best way to calculate scheme liabilities has been the topic of much debate since defined benefit deficits have started making the headlines. So is the gilts plus model appropriate? Six experts, including from the Pensions Regulator, come together to discuss the merits of different valuation methods.

The questions

  1. Does 'gilts plus' lead to inappropriate investment strategies?

  2. What alternative valuation methods can schemes use?

  3. How should trustees and employers negotiate valuations?

The panellists

Paul McGlone, partner, Aon Hewitt

David Weeks, committee co-chair, Association of Member Nominated Trustees

Jonathan Reynolds, client director, Capital Cranfield

Leslie Scrine, trustee chair, M&G Group Pension Scheme

Andrew Cheeseman, founder and chair, Pan Trustees

Andrew Young OBE, actuary, The Pensions Regulator

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