Marvin OnumonuThe Broadstone Sirius Index found that pension schemes held up well in April 2025, despite a spike in market volatility after President Trump announced his ‘Liberation Day’ tariffs.
Broadstone’s data showed that its fully hedged scheme ended the month with a funding position of 69.1%, unchanged from March.
Meanwhile, the 50% hedged scheme dropped slightly from 104.4% to 103.6% but stayed above the self-sufficiency level.
Chris Rice, head of trustee services at Broadstone, said: “April was the most volatile month in pension scheme funding we’ve seen for over a year thanks to the market movements caused by the US administration’s continually evolving tariff policy.
“Thankfully, the initial funding deterioration was recovered as the month progressed and scheme funding was not materially impacted by the end of April.
“It is pleasing to see that both our fully hedged scheme and 50% hedged scheme managed to weather this turbulence well, with the benefits of hedging coming through strongly over the course of the month.”
Rice added: “Global economies are braced for further disruption as the impact of the tariffs become clearer and uncertainty lingers over the future path of the White House’s trade policy.
“Trustees should be closely monitoring developments but those that can navigate through this period still seem well-set to achieve their end-game objectives with a growing range of insurers servicing buoyant demand across the market.
“Preparation alongside solid data and administration remain the key to attracting an insurer and transacting rapidly.”
