News
Intense insurer competition drives record buy-in pricing for DB pension schemes – LCP
Buy-in volumes reached £38.2bn in 2025, with buy-in pricing reaching its most competitive levels in early 2026 and continuing into Q2.
Defined Benefits
News
PPF surplus rises to £263.8bn as asset and liability values increase
The funding ratio stayed at 131.2% and total scheme assets rose by 2.0% to £1,109.6bn, while total liabilities also went up 2.0% to £845.8bn.
News
PPF confirms zero levy for conventional DB schemes in 2026/27
The final rules for the 2026/27 levy will be published next month.
News
Defined benefit pension schemes reach £265.6bn surplus – PPF
The Pension Protection Fund (PPF) 7800 Index figures for February 2026 showed a £265.6bn surplus, up by £5.9bn from the previous month.
Compensation & Benefits
DB pension transfer compensation hits record low in 2025 – Broadstone
Compensation fell from around -£16,000 in early 2025 to -£41,000 by early 2026.
News
Most private DB pension schemes now closed as market shrinks by 3% – TPR
There were 200 public sector schemes with 19,784,000 members and 5,060 private sector schemes with 9,174,000 members.
News
Aviva launches flexible solution for DB surplus transfers to DC schemes
The solution is available to both new and existing clients with DB schemes in surplus.
News
Number of DB pension schemes falls as funding stays strong – PPF
The number of PPF-eligible schemes fell from 4,974 to 4,840, with membership dropping from 8.8 million to 8.6 million.
News
Long-term pension security is top priority for DB scheme members – Hymans Robertson
Trust in the organisation managing their pension was a key priority for over half (54%) of members.
News
TPT appoints independent trustee board for run-on DB superfund
The board includes Nadeem Ladha, Rekha Owen, Huw Evans and Kate Grant.
News
TPT to launch run-on superfund option for DB pension schemes
TPT has secured capital to fund the first £1bn of transactions and is seeking assessment from TPR for the new consolidation vehicle.
Pensions & Retirement
PPF scraps levy for 2025/26, saving pension schemes over £45m
The board said it will update on levy plans for 2026/27 once the Pension Schemes Bill has completed its passage.