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 – 'Member options in focus: 2025 edition' – 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.