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DB schemes divided on endgame strategy amid improved funding


By Ellie Carric

Defined benefit (DB) pension schemes are increasingly pursuing different endgame strategies as funding levels improve, according to research from the Pensions Management Institute (PMI) and Schroders.

The study revealed that while 45 per cent of schemes were targeting a buy-in or buyout within the next decade, a third expected to run on indefinitely, 18 per cent planned a limited period of run-on before moving to insurance, and 5 per cent selected a consolidator route


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My Pension Expert acquires InterestMe client books following administration

My Pension Expert has acquired the client books and associated assets of InterestMe Advisers and InterestMe Financial Planning after the firms entered administration on 24 September 2026

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Retirement expectation gap widens to record 5.3 years

The gap between when people want to retire and when they expect to retire has widened to a record 5.3 years, analysis from the Standard Life Centre for the Future of Retirement has revealed

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Three in five workers concerned about pension tax changes ahead of Autumn Budget

More than three in five workers surveyed by Penfold are concerned about potential changes to pension taxation in the upcoming Autumn Budget, with tax relief emerging as the biggest area of concern

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Just one in six UK adults plan to stop working completely in retirement

Retirement is increasingly being viewed as a flexible transition rather than a traditional hard stop, with only 16 per cent of UK adults expecting to stop work completely, according to research by Aegon

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Third-party cyber risk tops DB trustee concerns

Third-party and administrator vulnerabilities are among the biggest cyber risks facing defined benefit (DB) pension schemes, analysis from Howden Retirement has shown

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DB pension redress payments expected to fall further in Q4 amid rising bond yields

Compensation payments due to people who were wrongly advised to transfer out of their defined benefit (DB) pensions are expected to fall further in Q4 2026 amid rising bond yields, according to Broadstone’s DB Redress Tracker

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Over one in 10 AI chatbot pension answers 'potentially harmful'

More than one in 10 (11 per cent) responses provided by artificial intelligence (AI) chatbots to common pension questions could result in savers losing money or making an irreversible mistake, according to research from PensionBee
NAO to review Capita’s administration of Civil Service Pension Scheme

The National Audit Office (NAO) will investigate the transfer and administration of the Civil Service Pension Scheme (CSPS) following ongoing service issues since Capita took over the contract in December 2025
Over three quarters of over-55s have taken pension tax-free lump sum

Concerns over the future of the pension tax-free lump sum may have prompted some savers to access their pots earlier than planned, with 76 per cent of people aged 55 to 64 having already taken a pension lump sum, research from AJ Bell has found
UK adults believe they need over £42,000 a year for a comfortable retirement

UK adults believe they need an average after-tax household income of more than £42,000 a year to feel financially secure in retirement, although expectations vary significantly by age and region, according to research from Mattioli Woods

TPR warns DC schemes against focusing on ‘pennies’ of charges over investment returns

Defined contribution (DC) schemes must put investment performance and member outcomes ahead of marginal differences in charges as the industry moves towards a more consolidated system of larger schemes and stronger retirement defaults, The Pensions Regulator (TPR) chair, Emma Douglas, has said
Nuveen completes acquisition of Schroders

Nuveen has completed the acquisition of Schroders, creating a combined firm with approximately $2.6trn in assets under management across institutional and wealth channels and operating in more than 40 markets


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