Defined Benefit

Overall mortality in first three quarters of 2025 lower than same period of any other year

Organisation plans to distribute surplus to scheme members from year five onwards

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance

Consultancy says DB funding levels have seen steady ‘positive progression’

The AMNT’s Maggie Rodger and John Flynn say the failure to index pre-1997 service is causing ‘significant angst’

Some administrators of Somerfield scheme to move to First Actuarial Manchester office

Scheme shift follows KPMG supported review of options

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

Move follows Pension Schemes Bill and will save schemes £45m in 2025/26

The Avon Pension Fund investment manager looks back on her career