2025 Outlook for charity DB pension funding

Despite volatile markets and growing global uncertainty, charities with defined benefit (DB) schemes have continued to see improving financial positions. The funding level for charity DB schemes (across the top 40 charities we consider) is now over 100% on average, presenting charities with a new challenge.

Our 2025 outlook provides a comprehensive overview of the current landscape for DB pension schemes within the UK charity sector, including:

• funding improvements and market dynamics;

• strategic and regulatory considerations; and

• endgame options and emerging trends.

Read our report

If you have any questions or would like to discuss further, please get in touch with us. 

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.