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

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Hymans research finds DB funding level of many schemes has surpassed 100%

Holly Roach
clock 17 September 2025 • 2 min read
PPF sees DB aggregate surpluses fall by £2.2bn in August

PPF sees DB aggregate surpluses fall by £2.2bn in August

Lifeboat fund’s data shows total scheme assets fell by 1.9% while scheme liabilities fell by 2.2%

Martin Richmond
clock 09 September 2025 • 4 min read
UCU joins teacher unions calling for review of TPS pension age

UCU joins teacher unions calling for review of TPS pension age

Government urged to implement recommendation set out in 2011 Hutton Report

Martin Richmond
clock 08 September 2025 • 2 min read
Trustpilot