05 Mar 2019

Report: The Pension Regulator's annual defined benefit statement

The Pensions Regulator’s annual defined benefit funding statement (which is aimed at all occupational DB pension schemes and their sponsoring employers), has been published.

The Pensions Regulator’s DB Annual Funding Statement 1

It finds UK defined bnefits pension schemes now have combined deficits of more than £23.1 billion.

But, even though it reports companies need to take urgent action to address these deficits, it also finds:

Employers are opting for “excessive” shareholder remuneration instead
FTSE 100 firms paid out £90 billion+ in dividends to shareholders in 2018 – a new record for dividend payments