Are trustees too timid when it comes to exercising their discretion over increases?

Stephanie Hawthorne takes a look at the issue of discretionary pension increases

clock • 12 min read
CPI inflation reached a 41-year-high of 11.1% in October 2022. Image: Breath10 via iStock
Image:

CPI inflation reached a 41-year-high of 11.1% in October 2022. Image: Breath10 via iStock

A slew of UK companies have offloaded their company schemes to insurance companies behind closed doors.

The numbers are staggering - the total value of buyout and buy-in deals struck in the first half of 2023 was £21.2bn, the highest for the first half of a calendar year according to Hymans Robertson...

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