Are trustees too timid when it comes to exercising their discretion over increases?

Stephanie Hawthorne takes a look at the issue of discretionary pension increases

clock • 12 min read
CPI inflation reached a 41-year-high of 11.1% in October 2022. Image: Breath10 via iStock
Image:

CPI inflation reached a 41-year-high of 11.1% in October 2022. Image: Breath10 via iStock

A slew of UK companies have offloaded their company schemes to insurance companies behind closed doors.

The numbers are staggering - the total value of buyout and buy-in deals struck in the first half of 2023 was £21.2bn, the highest for the first half of a calendar year according to Hymans Robertson...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 04 April 2025 • 1 min read
Caravan and Motorhome Club scheme transitions to Standard Life plan

Caravan and Motorhome Club scheme transitions to Standard Life plan

Contract sees scheme join firm’s Group Flexible Retirement Plan

Jasmine Urquhart
clock 02 April 2025 • 1 min read
Think tank makes series of recommendations for DB surplus extraction

Think tank makes series of recommendations for DB surplus extraction

SMF’s report reveals potential benefits are ‘large’, but much ‘remains unknown’

Holly Roach
clock 02 April 2025 • 4 min read
Trustpilot