Trustees need to reassess their long-term objectives

The Pension Regulator's 2024 Annual Funding Statement shows most schemes have seen material improvements in funding levels - all T19 schemes was ahead of that expected three years previously, with less than 25% of schemes with an expected deficit on the technical provisions basis and around 50% with a surplus on a buy-out basis. Read to find out why it is calling for trustees and employers to reassess their long-term objectives.