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ARTICLE · 30 JANUARY 2025

Emerging Trends In Defined Benefit Pensions Survey 2024

WTW
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During November 2024, WTW asked employers and trustees for their views on their defined benefit (DB) pension schemes' long-term strategy, for settlement and de-risking...

United KingdomEmployment and HR
Graham McLean
Graham McLean

In this report, we explore the current emerging trends affecting defined benefit schemes in the UK and how pension scheme decision-makers feel about these developments.

During November 2024, WTW asked employers and trustees for their views on their defined benefit (DB) pension schemes' long-term strategy, for settlement and de-risking, and their views on the current direction of pension policy.

Some of the key findings are:

  • 'GMP equalisation' is the top short-term priority. Preparing for pensions dashboards implementation has emerged as a key short-term priority for the next year.
  • Journey planning is a main priority for DB strategy. Companies are split between buyout and run-off objectives.

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