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

Avon Pension Fund confirms LPPI as new pooling partner

Avon Pension Fund confirms LPPI as new pooling partner

Scheme shift follows KPMG supported review of options

Jonathan Stapleton
clock 29 September 2025 • 2 min read
£6.1bn Devon Pension Fund to join LPPI pool

£6.1bn Devon Pension Fund to join LPPI pool

Move follows reform process which will see eight LGPS pools consolidate to six

Jonathan Stapleton
clock 24 September 2025 • 2 min read
Liz Woodyard: Four decades in investment management

Liz Woodyard: Four decades in investment management

The Avon Pension Fund investment manager looks back on her career

Jonathan Stapleton
clock 22 September 2025 • 6 min read
Trustpilot