DB pensions: Advice industry shares funding concerns

Professionals express apprehension over stability of DB pension funding

Sahar Nazir
clock • 1 min read

More than one third (35%) of industry professionals are concerned about the stability of the funding of defined benefit (DB) pensions, according to a recent PA Asks survey.

Although 35% answered ‘yes' to the statement ‘are you concerned about the stability of the funding of DB pensions?', more than half (54%) of respondents said ‘no'. Meanwhile, just 11% of respondents answered, ‘do not know'. One respondent who answered, ‘yes' said: "Gilts are key, so by extension depends on the economy." According to recent Lane Clark & Peacock (LCP) figures, the rise in gilt yields in 2023 has resulted in transfer values dropping from £250,000 at the beginning of the year to around £130,000 now. Another respondent who agreed with the statement said that  governm...

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 Your profession

Advice firms target 17% average growth amid tech and productivity challenges

Advice firms target 17% average growth amid tech and productivity challenges

Research from Owen James reveals

Sophia Panayi
clock 01 July 2026 • 2 min read
Clifton Wealth Partnership snaps up Suffolk financial planning firm

Clifton Wealth Partnership snaps up Suffolk financial planning firm

Brings total AUM to £4bn

Sophia Panayi
clock 01 July 2026 • 2 min read
Lib Dem MP presents Child Savings Account Bill to House of Commons

Lib Dem MP presents Child Savings Account Bill to House of Commons

John Milne’s bill passes for second reading in 2027 under Ten Minute Rule

Sophia Panayi
clock 01 July 2026 • 3 min read