Defined Benefit

Cash cost to buy out the scheme will be ‘no more than £9m’ with payment expected in H1

Hymans Robertson finds sponsors open to alternative CDC and ‘DB lite’ options

Most weeks see an announcement that a defined benefit (DB) pension scheme has secured members’ benefits. While the UK has a strong insurance regime, these statements might imply that benefits are at risk where schemes are yet to transact with an insurer...

XPS finds transfer activity hit record lows despite recovering transfer values

£60bn of bulk annuity transactions and £20bn of longevity swaps excepted this year

Mercer finds DB funding levels saw improvements over the course of last year

Research finds fall in gilt yields means savers could receive around £34,000 in compensation

Barnett Waddingham finds average time to buyout reached its highest level in December 2023

Fewer DB trustees plan to exit roles compared to last year but ‘burdensome’ regulations are ongoing concern

Analysis shows fully hedged scheme funding remained stable while 50% hedged schemes saw a 2% drop