Defined Benefit

Aon research finds two-fifths of members were provided with fully paid-for advice

Industry warns trustees and sponsors to avoid complacency despite positive movement

Hymans expects more insurers will develop ‘dedicated’ solutions for small schemes

FT reports Canadian-based firm has filed paperwork with the PRA to set up UK insurer

Funding position grows from 96.1% at end of 2023 to 99.1% by end of H1 2024

Consultancy says surpluses ‘remain stable’ on long-term targets

PwC says surpluses give schemes opportunity to benefit from advancements in AI

Consultancy says trustees must have ‘clear understanding’ of scheme’s endgame approach

LCP says level of surplus presents schemes with ‘exciting opportunities’

Spence research finds average running costs for university DB schemes was £700,000