From vision to valuation: why your endgame sets the course

Defined benefit (DB) pension schemes are entering a new era. Long-term planning is now centre stage. With more schemes now in surplus, the focus is shifting from plugging deficits to planning endgame strategies, all under a fresh funding regime that demands clear long-term objectives.

For trustees and sponsors navigating their first actuarial valuations under the new DB Funding Code, aligning funding and investment strategies with your endgame is no longer optional – it’s a regulatory requirement. 

In this publication, we explore five reasons reasons why a focus on endgame planning can make your actuarial valuation more purposeful. We look at: 

• Setting the strategic direction
• Guiding your low dependency approach 
• Moving away from "gilts plus" discount rate methodology
• Determining your expense reserve
• Writing your statement of strategy 

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

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.