Pensions - Articles - Pension funding improves in June despite political upheaval

The Broadstone Sirius Index – a monitor of how various pension scheme strategies are performing on their journeys to low dependency – posts its latest update.

The Broadstone Sirius Index has published its June tracking for a ‘growth focused’ and a more conservative ‘matching focused’ investment strategy against a low dependency basis. Both schemes started 90.0% funded at the start of 2026.

Reporting its update for June 2026, the Broadstone Sirius Index found that the ‘growth focused’ scheme performed best through the month, increasing its funding level by 0.8 percentage points to 93.1%.

The funding level of the ‘matching focused’ scheme increased by a slightly lower 0.5 percentage points from 89.4% at the end of May to 89.9% at the end of June to nearly reach its funding position at the start of the year.

The ‘growth focused’ scheme has generally outperformed the ‘matching focus’ scheme since April thanks to strong performance from return-seeking assets and tightening credit markets.

Chris Rice, Head of Trustee Services at Broadstone, commented: “Pension schemes can generally be expected to have improved their funding positions throughout June.

“Thankfully, the political uncertainty and impending change of Prime Minister has not spooked the bond markets which has allowed pension scheme funding to remain stable. Growth assets also performed well in June which has contributed to positive scheme funding progression, especially in the scheme with a stronger focus on these types of investment.”