90% of DB schemes have set a long-term funding target

Focused on self-sufficiency

clock • 2 min read

Almost all UK defined benefit (DB) schemes (92%) have set clear long-term funding targets, with most focused on buyout or self-sufficiency, according to Aon.

The first chapter of the firm's 2019 Global Pension Risk Survey, which was exclusive to PA's sister title Professional Pensions, looked at the funding targets of DB schemes and how they plan to reach their end goal. It revealed that more respondents (43%) were focused on self-sufficiency as their long-term funding target than buyout (35%). However, the survey - which runs every two years and questioned 170 industry members - also found that, while self-sufficiency was a target for more DB schemes, the proportion targeting buyout has increased from 27% to 35% since the previous survey....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

What is Reform UK's stance on pensions?

What is Reform UK's stance on pensions?

Reform UK recently held its 2025 conference at the NEC in Birmingham

Professional Adviser
clock 09 September 2025 • 5 min read
Could dashboards be the answer to Millennial pension apathy?

Could dashboards be the answer to Millennial pension apathy?

The dashboard rollout could be an inflection point

Paul Muir
clock 08 September 2025 • 4 min read
'A challenge that must be faced': Closing the gender pension gap

'A challenge that must be faced': Closing the gender pension gap

Latest DWP gender pension gap figures make 'uncomfortable reading'

Caitlin Southall
clock 05 September 2025 • 4 min read