Member options in focus: 2025 edition

Ten years on from the introduction of pension freedoms, the defined benefit (DB) member options landscape has shifted significantly. Many schemes are re-evaluating how member options fit into their long-term strategy — whether they're heading towards buyout, running on for growth, or looking to improve member outcomes.

Our latest briefing examines how evolving market conditions, funding improvements and insurer practices are reshaping member options exercises today.

What’s inside?

• How funding improvements are changing the focus from deficit reduction to enhancing member experience.
• Why schemes close to buyout are taking a fresh look at member options.
• The impact of market conditions on actuarial factors and transfer values.
• What insurers offer (and don’t offer) post-transaction.
• Opportunities for schemes considering run-on to generate surplus and deliver better outcomes.

Who is it for?

This briefing is essential reading for DB pension scheme trustees, sponsors, and anyone involved in scheme management or de-risking strategy.

Download your copy today and gain practical insights into the role of member options in 2025 and beyond.