Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*
The events of the past 18 months have resulted in significantly improved funding positions for many UK defined benefit (DB) pension schemes. As a result, pension scheme trustees and their corporate sponsors are suddenly faced with an ‘endgame’ decision...
With the dust beginning to settle on 2023, and the final deals of the year being hurriedly squeezed into insurer targets, it seems only right to reflect on what has been another incredible year for the risk settlement market.
Despite it being another year of significant volatility in the investment markets, 2023 is set to be a record year for bulk annuities