DB accounting deficits stand at more than £400bn

Jenna Towler
clock

Defined benefit scheme deficits stood at £402bn at the end of last year, based on company accounting rules, Xafinity analysis shows.

The total deficit was an increase of £50bn on the same time last year, when the shortfall stood at £352bn. The consultant said liabilities rose by £101bn - but this was offset by £51bn growth in...

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

Partner Insight: Data - The new battleground for scheme buyouts

Partner Insight: Data - The new battleground for scheme buyouts

LexisNexis® Risk Solutions
clock 17 November 2025 • 1 min read
Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Appointing SEI as fiduciary manager gave the trustees of the Schneider Electric pension schemes the confidence and the agility needed to guarantee member benefits. Richard Taylor, Pensions Manager at Schneider, explains the advantages.

SEI Investments
clock 17 November 2025 • 5 min read
Partner Insight: DB pension schemes - Is investing like an insurer easier said than done?

Partner Insight: DB pension schemes - Is investing like an insurer easier said than done?

The UK government’s Pension Schemes Bill opens the door to more flexible treatment of defined benefit pension scheme surpluses. Now, the question for many trustees and finance teams is: Could running-on their scheme work for the benefit of its members...

M&G Investments
clock 14 November 2025 • 4 min read
Trustpilot