John Flynn has been appointed as co-chair of the Association of Member Nominated Trustees (AMNT)
Defined benefit (DB) pension schemes are no longer acting as a "drain" on sponsoring employers, Broadstone has said, after its analysis found that deficit reduction contributions dropped to £932m in Q3 2024 as funding improvements eased financial pressures.
The firm noted that whilst this marked a small increase compared to the £828m paid out in Q2 2024, it is still "substantially" lower than the historical average, with deficit reduction contributions rising to as high as £6.2bn during the height of the pandemic in Q4 2020