Treasury increases DB valuation factor from 10 to 16 - UPDATED

Jonathan Stapleton
clock

The Treasury has confirmed it will protect long-serving final salary scheme members after it increased the factor used for valuing benefits against the annual allowance from 10 to 16.

Currently, for final salary pension schemes, any increase in benefits over the course of the year is currently compared with the annual allowance by multiplying it by a factor of 10. However the...

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

LGPS Central to launch pooled global credit fund

LGPS Central to launch pooled global credit fund

Capital Group, J.P. Morgan Asset Management and Neuberger Berman hired as managers.

Jonathan Stapleton
clock 03 February 2026 • 2 min read
Vast majority of DB members confident about their pension

Vast majority of DB members confident about their pension

But insurer says confidence plummets at times of change, such as during a buyout process

Jonathan Stapleton
clock 02 February 2026 • 2 min read
Isio launches small to mid-sized DB scheme buyout service

Isio launches small to mid-sized DB scheme buyout service

PenUltimate designed to help schemes overcome ‘operational bottlenecks’ on the journey to buyout

Martin Richmond
clock 27 January 2026 • 2 min read
Trustpilot