Pension scheme funding improves in June despite political uncertainty – Broadstone

Broadstone has published its Sirius Index update for June, showing improved funding for both its modelled pension schemes. 

The growth focused scheme funding rose from 92.2% at the end of May to 93.1% at the end of June. 

The matching focused scheme funding also increased, from 89.4% to 89.9% over the same period.

Both schemes started 2026 at 90.0% funded. 

The growth focused scheme has generally outperformed the matching focused scheme since April, driven by strong performance from return-seeking assets and tighter credit markets.

Chris Rice, head of trustee services at Broadstone, said: “Pension schemes can generally be expected to have improved their funding positions throughout June. 

“Thankfully, the political uncertainty and impending change of Prime Minister has not spooked the bond markets which has allowed pension scheme funding to remain stable. 

“Growth assets also performed well in June which has contributed to positive scheme funding progression, especially in the scheme with a stronger focus on these types of investment.”