UK DB schemes' health showing further positive signs

Analysis finds number of tranche 16 schemes in deficit fell by 12%

Martin Richmond
clock • 3 min read
McLaren: We recognise that not everyone is in the same boat, as there remains a minority of schemes with material deficits and longer recovery plans
Image:

McLaren: We recognise that not everyone is in the same boat, as there remains a minority of schemes with material deficits and longer recovery plans

The health of defined benefit (DB) schemes across the UK is showing continued signs of improvement with a greater number of schemes in surplus, research by Hymans Robertson has revealed.

The consultancy's 2023 Pension scheme funding: benchmarking analysis looked at data published by The Pensions Regulator (TPR) on pension scheme funding in August, and covered tranche 16 schemes wit...

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

Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Tender Watch: SYPA appoints Northern Trust as custodian

Tender Watch: SYPA appoints Northern Trust as custodian

LGPS pool appoints Northern Trust as custodian for South Yorkshire Pension Fund

Professional Pensions
clock 09 January 2025 • 1 min read
PPF publishes first PPF 7800 Index following methodology revamp

PPF publishes first PPF 7800 Index following methodology revamp

Substantial downward revision in aggregate funding position but DB outlook ‘encouraging’

Jonathan Stapleton
clock 10 December 2024 • 4 min read
Trustpilot