From strategy to action: The key focus areas for DB schemes this year

LCP’s survey of DB pension schemes, conducted before recent announcements and measures, looks at how they are considering their endgame strategy. With many options now available, it is crucial that schemes engage and revisit their plans. An increasing number of schemes are aiming for self-sufficiency or long-term run-on. Although settling liabilities with insurers is the preferred strategy, over 20% of schemes delay buy-out beyond when it becomes affordable. Notably, around 25% of schemes are yet to select an endgame strategy. What are the biggest barriers stopping schemes from reaching their...