Pension deficit fell £53bn over April; interest rates outlook is 'crucial'

Victoria Tichá
clock • 2 min read

The combined deficit of the UK's private sector defined benefit (DB) schemes fell by 40% to £78bn on an accounting basis during April, JLT Employee Benefits analysis has revealed.

At the end of the month, the consultancy's monthly index said DB assets totalled £1.5trn while liabilities fell to £1.6trn, resulting in an overall funding level of 95%, up three percentage points ...

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

'Value horizon' in run-on could increase member outcomes by up to 15%

'Value horizon' in run-on could increase member outcomes by up to 15%

Hymans report says investment strategy is key to achieving scheme objectives in run-on

Alex Levy
clock 22 October 2026 • 1 min read
TPT gets green light to launch as UK's second superfund

TPT gets green light to launch as UK's second superfund

Capital buffer in place to fund first £1bn in transactions and ‘active discussions’ underway

Alex Levy
clock 21 October 2026 • 2 min read
A well-funded scheme is not necessarily a simple one, say DB leaders

A well-funded scheme is not necessarily a simple one, say DB leaders

Brightwell, USS and LGPS executives say robust governance is vital in current landscape

Alex Levy
clock 19 October 2026 • 2 min read
Trustpilot