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

Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Full scheme buy-in secures the benefits of over 145 pensioners and 80 deferred members

Holly Roach
clock 23 March 2026 • 2 min read
Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Kerrigan Procter says insurer expects to transact £3bn-£4bn of BPA volumes by 2027

Martin Richmond
clock 23 March 2026 • 2 min read
LGPS funding 'remains strong' at 145%

LGPS funding 'remains strong' at 145%

Isio Low-Risk Funding Index shows total surplus of £148bn at end of Q4 2025

Jasmine Urquhart
clock 19 March 2026 • 1 min read
Trustpilot