Companies in the UK's FTSE 350 have seen their pension spending ‘conclusively’ shift away from defined benefit (DB) to defined contribution (DC) schemes, with DC now dominating firms’ outlay on pensions, a report from WTW has found.
Its FTSE 350 DB Pension Scheme Report 2026 showed that the UK’s largest listed companies with DB schemes on their balance sheet at the end of 2025 had more than £300bn of DB pension liabilities




