Latest DB funding update

Published: June 2025

The findings from the latest Summary Funding Statement

Each year the Trustees of the Unilever UK Pension Fund (the Fund) publish a Summary Funding Statement to update you on the Fund’s funding position.

Most years, including this year, the Statement is a summary of our Annual Funding Update. This outlines whether the assets of the DB section should be enough to pay members’ benefits, now and in the future, based on a set of assumptions. The DB section has a ‘shortfall’ if the assets are less than the amount we expect to need to pay benefits and a ‘surplus’ if it has more.

The latest funding update was carried out on 31 March 2024. It can take some time to gather and analyse the data that we need for this, so our Summary Funding Statement always relates to the previous financial year.

Unilever Funding Level 

What does this mean for you?

Your pension remains secure and well-funded: we have enough money to pay everyone’s pension benefits. The surplus has decreased slightly compared to last year. But this isn’t a cause for concern because:

  • the funding level has remained steady at 113% - a comfortable safety margin
  • both our assets (money in the fund) and liabilities (benefits we need to pay) have decreased by similar amounts
  • our investment strategy is working - safeguarding your benefits even when markets go up and down

Read the full Summary Funding Statement

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