Persimmon schemes post funding level of 135%; Costain suspends 'dividend parity' plan

Firms post increase in surpluses following changes in discount rate assumptions

Jonathan Stapleton
clock • 2 min read
Stone Cross Mansion is a housing development by Persimmonin in Ulverston
Image:

Stone Cross Mansion is a housing development by Persimmonin in Ulverston

Persimmon has published its full year results to 31 December 2024, revealing an increase its funding level to around 135%.

The housebuilder – which operates two defined benefit (DB) schemes; the Persimmon Plc Pension & Life Assurance Scheme and the Prowting Pension Scheme – said its DB pension assets had increased from...

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

MHCLG launches consultation on series of LGPS reforms

MHCLG launches consultation on series of LGPS reforms

Mayors and councillors to access LGPS under proposals

Jonathan Stapleton
clock 16 October 2025 • 2 min read
PPF sees aggregate DB surpluses rise by £16.2bn in September

PPF sees aggregate DB surpluses rise by £16.2bn in September

Funding ratio increases to 129.8% and liabilities up by 0.6% due to slight drop in gilt yields

Jasmine Urquhart
clock 14 October 2025 • 2 min read
DB redress values fall in Q3, Broadstone finds

DB redress values fall in Q3, Broadstone finds

Broadstone tracker finds compensation fall driven by ‘strong equity performance’ and gilt yields

Jasmine Urquhart
clock 14 October 2025 • 1 min read
Trustpilot