UK DB schemes' health showing further positive signs

Analysis finds number of tranche 16 schemes in deficit fell by 12%

Martin Richmond
clock • 3 min read
McLaren: We recognise that not everyone is in the same boat, as there remains a minority of schemes with material deficits and longer recovery plans
Image:

McLaren: We recognise that not everyone is in the same boat, as there remains a minority of schemes with material deficits and longer recovery plans

The health of defined benefit (DB) schemes across the UK is showing continued signs of improvement with a greater number of schemes in surplus, research by Hymans Robertson has revealed.

The consultancy's 2023 Pension scheme funding: benchmarking analysis looked at data published by The Pensions Regulator (TPR) on pension scheme funding in August, and covered tranche 16 schemes wit...

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

Most DB pension schemes now have a professional trustee

Most DB pension schemes now have a professional trustee

Aon says number of professional trustees expected to rise for most DB schemes

Jasmine Urquhart
clock 07 June 2024 • 1 min read
Broadstone: 50% hedged scheme approaches full funding

Broadstone: 50% hedged scheme approaches full funding

Broadstone Sirius Index finds fully hedged scheme reaches 68% funding

Jasmine Urquhart
clock 06 June 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 06 June 2024 • 1 min read
Trustpilot