DB deficit worsens to £173bn

Jenna Towler
clock

The aggregate funding position of the 7400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.

The deficit stood at £158.1bn at the end of July. Scheme funding is worse than it was a year ago when there was a deficit of £39.3b in August 2008. Scheme liabilities rose by almost 6% during ...

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 Defined Benefit

Most believe professional trustee role needs to 'evolve'

Most believe professional trustee role needs to 'evolve'

LCP says professional trustees are entering a ‘new phase’ of the DB market

Martin Richmond
clock 25 August 2026 • 3 min read
Buyout no longer the default as sponsors review long-term pension strategies

Buyout no longer the default as sponsors review long-term pension strategies

IGG research finds only one in ten DB schemes are targeting buyout ‘as soon as practical’

Martin Richmond
clock 20 August 2026 • 2 min read
Partner Insight: Aon UK Risk Settlement Bulletin - Q3 2026

Partner Insight: Aon UK Risk Settlement Bulletin - Q3 2026

Latest edition of the Aon UK Risk Settlement Bulletin is now available.

Aon
clock 05 August 2026 • 1 min read
Trustpilot