DB scheme trustees report continued rise in costs

TPT research finds larger schemes reported the biggest hikes

Alex Levy
clock • 2 min read
iStock.com/ChayTee
Image:

iStock.com/ChayTee

Defined benefit (DB) scheme trustees have reported a 34% average increase in running costs over the past year driven by costs related to legal services and administration, TPT has found.

An independent survey of 100 UK DB trustees was conducted on behalf of TPT Retirement Solutions, representing schemes with assets ranging in value from £100m to over £10bn, with the findings publis...

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

Tender Watch: People's Pension reappoints Northern Trust

Tender Watch: People's Pension reappoints Northern Trust

Firm will continue to provide scheme with fund admin and performance measurement services

Professional Pensions
clock 26 October 2026 • 1 min read
'Value horizon' in run-on could increase member outcomes by up to 15%

'Value horizon' in run-on could increase member outcomes by up to 15%

Hymans report says investment strategy is key to achieving scheme objectives in run-on

Alex Levy
clock 22 October 2026 • 1 min read
TPT gets green light to launch as UK's second superfund

TPT gets green light to launch as UK's second superfund

Capital buffer in place to fund first £1bn in transactions and ‘active discussions’ underway

Alex Levy
clock 21 October 2026 • 2 min read
Trustpilot