Publication

State of the nation: DB endgames – where are we now and what’s next?

calendar icon 24 July 2025
time icon 5 min

Authors

Laura Mclaren
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Laura McLaren

Partner and Head of DB Scheme Actuary Services

Lauren Branney
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Lauren Branney

Actuarial Consultant

For those managing defined benefit (DB) pension schemes, it’s a pivotal and exciting time. The pensions landscape has changed significantly in recent years, opening up new strategic possibilities. 

We’ve seen record-breaking activity in the bulk annuity market and growing innovation in consolidation, and alternative risk transfer, leading to new settlement options. We’ve also seen more schemes considering the potential benefits of running on. 

We explore how the DB pensions environment has shifted, and what this could mean for schemes in the years to come. We'll discuss:

  • Factors driving the conversation

  • How this is affecting DB endgames 

  • What these factors all mean

You can read the full article by clicking the button below.

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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.

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