DB deficit hits record £935bn as gilt yields tumble

Kristian Brunt-Seymour
clock • 2 min read

Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.

Aggregate deficits rose to £935bn on Monday, moving past the record £909bn reached on 11 February, according to Hymans Robertson figures. Although some rating agencies had downgraded their view ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Church of Scotland scheme agrees £220m buy-in with Just Group

Church of Scotland scheme agrees £220m buy-in with Just Group

Transaction secures the benefits of 2,800 pensioner members and 700 deferred members

Holly Roach
clock 28 May 2026 • 2 min read
F Hinds scheme secures £42m buy-in with Royal London

F Hinds scheme secures £42m buy-in with Royal London

BPA transaction secures the benefits of 485 pensioners

Holly Roach
clock 27 May 2026 • 2 min read
HSB scheme completes £36m buy-in with Canada Life

HSB scheme completes £36m buy-in with Canada Life

Transaction secures the benefits of 191 pensioners and 128 deferred members

Holly Roach
clock 27 May 2026 • 2 min read
Trustpilot