Industry developments that could transform your DB pension strategy
Industry developments that could transform your DB pension strategy
31 Mar 2025
In this month’s edition of XPS Express, we highlight the key changes on the horizon and what these will mean for employers.
Key developments: At a glance
- More detail from the Government around unlocking DB scheme surpluses is anticipated in the Spring, which presents an opportunity for employers to benefit from these surpluses by running their schemes on.
- The bulk annuity market continues to be buoyant, with more insurers entering the market. Employers who are looking to settle their pension liabilities may benefit from increased competition among bulk annuity providers leading to lower insurance premiums.
- Changes to National Insurance rates and the National Minimum Wage from April 2025 is leading to more use of salary sacrifice and a desire for efficiencies in how schemes are managed.
- Employers should be aware of legal cases which could lead to increases in scheme liabilities, additional accounting disclosure requirements and greater auditor scrutiny.
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