The Pensions Regulator (TPR) has published its 2024 annual funding statement which is targeted at DB schemes undergoing valuations with effective dates between 22 September 2023 and 21.
2023 marked a record-breaking year for the UK’s bulk annuity market as the total volume of bulk annuity deals amounted to nearly £50bn, research from Aon finds.
The need for a public sector consolidator for defined benefit (DB) schemes is “not obvious” in a “vibrant” risk reduction market, Clara Pensions chief executive (CEO) Simon True has said.