Companies overpaying £5bn into DB because of dated funding targets

clock

UK companies are needlessly paying £5bn into defined benefit pension schemes because their funding targets are more than 10% higher than necessary, PwC research finds.

PwC said current methods of calculating the contributions needed to cover future pension payouts are dated, too blunt and do not reflect the way scheme assets are invested and the longer term gains...

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

FTSE 100 DB schemes surplus remains 'strong' at £55bn

FTSE 100 DB schemes surplus remains 'strong' at £55bn

LCP says surplus remained stable despite wider global economic uncertainty

Martin Richmond
clock 22 July 2026 • 2 min read
Managing surplus becoming 'increasingly important' strategic priority

Managing surplus becoming 'increasingly important' strategic priority

LCP says surplus sharing is rising up agendas, but most schemes still face endgame barriers

Holly Roach
clock 17 July 2026 • 2 min read
PPF 7800 aggregate surplus remains consistent in June

PPF 7800 aggregate surplus remains consistent in June

Lifeboat fund’s index shows surplus saw narrow increase of £0.2bn last month

Martin Richmond
clock 14 July 2026 • 3 min read
Trustpilot