Shift to DC cuts retirement outcomes across generations – Hymans Robertson
Research revealed a wide gap in pension savings between generations, which could get worse if nothing is done.
Pension scheme surpluses climb by £10.6bn as funding ratios improve
Sarah Elwine, actuarial director at Broadstone, said: “July saw large gains in equity markets driving some global stock markets to all-time highs, increasing asset values and further solidifying the strong funding positions held by many defined benefit pension schemes."
DB scheme funding improves in June amid calmer markets – Broadstone Sirius Index
According to the index, the funding level of the fully hedged scheme increased from 69.3% at the end of May to 70.3% at the end of June.
DB funding gains ease financial pressure on employers
Employers are seeing reduced financial pressure from running Defined Benefit (DB) pension schemes, with deficit reduction contributions in Q3 2024 totalling £932m — significantly lower than previous years.
‘Employers must not be allowed to play fast and loose with workers’ pensions’, warns Unite
Following the government's recently announced plans to allow companies to invest surpluses from DB schemes, Unite has warned them.
New pension rules to unlock £160bn in surplus funds for growth and higher member benefits
The government announces reforms to occupational defined benefit pension schemes, allowing £160bn in surplus funds to be reinvested in the economy or allocated to boost member benefits, as part of its growth agenda.
TPR publishes updated covenant guidance for trustees of DB schemes
The guidance provides the market with greater certainty over how TPR expects trustees to assess their employer covenant.
