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 ...

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