Endgame delays could be costing DB schemes 'millions' in lost surplus

Endgame inertia may pose a greater risk than market volatility for well-funded schemes

Jonathan Stapleton
clock • 3 min read
VLK's Calum Edgar and Jonathan Craddock
Image:

VLK's Calum Edgar and Jonathan Craddock

Trustee inertia is overtaking market volatility and funding shortfalls as one of the biggest risks facing many well-funded defined benefit (DB) schemes, analysis from Van Lanschot Kempen (VLK) Investment Management finds.

The fiduciary manager said that, with funding positions improved and buyout pricing volatile, trustees of well-funded schemes are postponing endgame plans. But it said that delaying a decision, ...

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 Investment

FMs making 'incremental' progress on ESG integration

FMs making 'incremental' progress on ESG integration

EY report finds ESG integration has been a case of ‘evolution rather than revolution’

Martin Richmond
clock 09 July 2026 • 3 min read
Nest launches £200m VC sleeve with Schroders Capital

Nest launches £200m VC sleeve with Schroders Capital

Master trust will allocate £200m to build on existing private markets investment

Martin Richmond
clock 08 July 2026 • 4 min read
The hardest problem in finance is becoming pensions' defining challenge

The hardest problem in finance is becoming pensions' defining challenge

Hugh Cutler says there is not yet a settled industry answer to the decumulation challenge

Hugh Cutler
clock 07 July 2026 • 5 min read
Trustpilot