Scheme factors in 2023

The economic environment has changed a lot over the past 12 months. With most pension schemes likely to have reviewed factors over this period, we take a look at what the changes mean for schemes and the impact on members.

In March, we asked 81 schemes that we advise, how they are setting factors for members.

This publication looks at:

• How factors have changed.
• Change in value placed on a DB pension.
• Considering member outcomes.
• Keeping members informed.
• Alignment with insurer factors.
• How insurer factors compare with scheme factors.

If you’d like to discuss anything covered here in more detail, please get in touch.