Fall in number of DB schemes granting discretionary pension increases

Aon research finds 4% reduction in number of schemes that offered increases in 2024 compared to 2023

Martin Richmond
clock • 4 min read
Fall in number of DB schemes granting discretionary pension increases

The number of defined benefit (DB) schemes that granted inflation-driven discretionary increases has fallen over the last two years, research from Aon shows.

The firm's Discretionary Pension Increase Survey, which covered 200 UK DB schemes, found schemes had adopted an evolving approach to how they manage discretionary benefits during a period of lower ...

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

Largest professional trustee firms overseeing nearly half of DB schemes

Largest professional trustee firms overseeing nearly half of DB schemes

Isio finds ten largest firms expect to manage two-thirds of DB schemes within five years

Martin Richmond
clock 07 May 2026 • 3 min read
Minority of DB schemes expected to move to buyout within five years, Aptia finds

Minority of DB schemes expected to move to buyout within five years, Aptia finds

Aptia research finds 31% say data quality is key factor when selecting endgame option

Martin Richmond
clock 07 May 2026 • 2 min read
TPR publishes annual funding statement 2026

TPR publishes annual funding statement 2026

Watchdog says most schemes should now be shifting their focus to endgame planning

Jonathan Stapleton
clock 06 May 2026 • 3 min read
Trustpilot