
Pension scheme funding holds firm despite volatile May – Broadstone
The growth focused scheme saw funding rise from 91.7% at the end of April to 92.2% at the end of May.

The growth focused scheme saw funding rise from 91.7% at the end of April to 92.2% at the end of May.

The deal secures benefits for all 115 uninsured members, including 52 deferred members and 63 pensioners.

Broadstone said the stronger performance of the growth-focused scheme was driven by positive returns from growth assets and higher interest rates.

The deal secures benefits for all members of the Scheme, including 16 deferred and 24 pensioner members, and completes buy-in of all liabilities.

The service aims to help schemes navigate increasingly complex historic insurance arrangements, many of which contain unusual guarantees.

More than 11 million fit notes were issued in 2025, with NHS delays continuing to drive long-term sickness and workforce absence.

The move is part of the UK’s fifth superfund transaction, with members set to continue receiving their full pension entitlements in the Clara Pension Trust.

Jordan Ring brings over 16 years’ experience in the employee benefits sector.

Defined benefit (DB) pension scheme funding levels fell back slightly in March as market volatility linked to Middle East tensions impacted performance.

Its latest quarterly DB Redress Tracker for Q2 2026 indicated that, in most cases, no compensation is currently payable to individuals who transferred out of DB pension schemes.

John Bacon has more than 20 years’ experience in pensions administration.

Francis joins Broadstone from PIB, where she worked as an employee benefits consultant.
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