Nearly half of schemes have lengthened recovery plans

Hymans Robertson’s research shows rise in extending plans by more than three years

clock • 2 min read
Nearly half of schemes have lengthened recovery plans

The pandemic led to a notable increase in defined benefit (DB) pension trustees lengthening their recovery end dates in 2021, according to Hymans Robertson.

The consultancy's annual benchmarking report found almost half of all DB pension schemes (45%) submitting valuations last year lengthened their recovery plan end date, with just over a fifth extend...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

50% hedged scheme funding sees improvement as gilt yields return to recent highs

50% hedged scheme funding sees improvement as gilt yields return to recent highs

The funding impact for well-hedged schemes will depend on exposure to non-hedging assets

Jonathan Stapleton
clock 10 May 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 10 May 2024 • 1 min read
Partner Insight: Using DB surplus to support DC provision

Partner Insight: Using DB surplus to support DC provision

Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*

Yassin Isman, Associate Partner, Aon.
clock 09 May 2024 • 4 min read
Trustpilot