Defined Benefit

LCP says myths about purpose of funding code and liquid investments remain for trustees

Transfer values were at second-lowest month-end value since XPS index’s inception

Assessing the choices trustees have in areas such as governance, endgame and investment

Industry hits out at lack of proposals for private sector DB surpluses

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

EY-Parthenon finds Q3 saw a 33% increase compared to Q2

DB schemes with actuarial valuation dates on or after 22 September should use the code