Chart your own course
Pensions & benefits Scheme actuary and trustee actuarial services Endgame strategy and journey planning Strategic journey planning DB pensionsOur sixth annual report is built around the results of our annual survey of the DB pension scheme market and provides insights across a whole range of areas of DB strategy and endgame planning.
Key insights from this year’s report - Funding positions continued to improve
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+5%Over the year to 31 March 2024 more than one third of schemes saw funding levels improve by 5% or more on a gilts flat and buyout basis
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10%And although improvement wasn’t universal, fewer than 10% of schemes saw their position get worse
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30%An impressive 30% of schemes are now fully funded on buyout – up from 20% in our 2023 analysis.
Taking control of your journey
It’s better to be proactive rather than reactive.
With the past 12 months offering relative calm after the turbulence of the last few years, as well as a (relative) slowdown in pensions regulatory change, this year’s annual DB pension scheme survey showed that schemes have really used their time effectively. We’ve seen schemes taking positive actions in a range of areas, from endgame planning to net zero targets to Diversity, Equity & Inclusion (DEI). Of course, it hasn’t all been good news and our survey showed that risks such as cyber, AI, and fears of another gilt market event remain front of mind for many respondents. But encouragingly, schemes have been taking actions to prepare themselves in these areas too.
As usual, this year’s Chart your own course report contains insights from our recent survey of the pensions industry. Thank you, if you responded – as well as providing us with valuable information, each completed entry prompted a £5 contribution to The British Red Cross. As ever, we also use data on our own client base derived from our flagship asset and liability tool Visualise to show trends in positions and activity across the year. We hope you enjoy exploring this year’s findings.
