Defined-benefit pension schemes are back in the black

Final-salary pension schemes have plugged their deficits, says David Prosser. But it’s not all good news.

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Healthy figures may not look so good during fire sales
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Final-salary schemes have plugged their deficits. But it's not all good news.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.