Defined Benefit

K3 says trustees of many small schemes are unaware they are within reach of buyout

Broadstone says there has been a ‘radical decline’ since the start of 2022

Aon research finds two-fifths of members were provided with fully paid-for advice

Industry warns trustees and sponsors to avoid complacency despite positive movement

Hymans expects more insurers will develop ‘dedicated’ solutions for small schemes

FT reports Canadian-based firm has filed paperwork with the PRA to set up UK insurer

Funding position grows from 96.1% at end of 2023 to 99.1% by end of H1 2024

Consultancy says surpluses ‘remain stable’ on long-term targets

PwC says surpluses give schemes opportunity to benefit from advancements in AI

Consultancy says trustees must have ‘clear understanding’ of scheme’s endgame approach