More useful articles from July
July 20 2023
Aggregate DB funding level rises by more than £50bn
By Sophie Smith 13/6/23
The aggregate surplus of defined benefit (DB) pension schemes rose by around £52.3bn in May, increasing from £378.6bn at the end of April to £430.9bn at the end of May 2023, the latest Pension Protection Fund (PPF) 7800 Index has revealed.
DB pension funding remains ‘strong’ despite gilt yield fall
By Sophie Smith 7/7/23
Defined benefit (DB) pension schemes continue to hold sufficient assets for buyout on average, despite an increase in the estimated buyout cost over June and a fall in the aggregate surplus, analysis from PwC has revealed.
FTSE 350 DB funding levels hit record high
By Sophie Smith 14/6/23
The funding position of FTSE 350 defined benefit (DB) pension schemes on an accounting basis reached a record high in May, after the aggregate surplus increased from £51bn to £69bn, analysis from Mercer has revealed.
Good news expected for most schemes performing their triennial valuation this year
LCP – 15 June 2023
The Pensions Regulator has issued its analysis for this year’s DB annual funding statement (see Pensions Bulletin 2023/17), which relates to “Tranche 18” schemes with valuation dates between 22 September 2022 and 21 September 2023.
More information here and here
Research reveals mixed experiences amid market turbulence
By Sophie Smith 6/7/23
While the majority (67 per cent) of defined benefit (DB) schemes are set to undertake a final insurance deal in the next five years, nearly a fifth (18 per cent) of DB schemes don’t expect to reach their end game for more than ten years, research from LCP has revealed.