Defined Benefit

Funding position grows from 96.1% at end of 2023 to 99.1% by end of H1 2024

Consultancy says surpluses ‘remain stable’ on long-term targets

PwC says surpluses give schemes opportunity to benefit from advancements in AI

Consultancy says trustees must have ‘clear understanding’ of scheme’s endgame approach

LCP says level of surplus presents schemes with ‘exciting opportunities’

Spence research finds average running costs for university DB schemes was £700,000

Transfer Value Index remains stable but activity remains low

LCP finds schemes making progress on issues such as endgame planning, DEI and net zero

Despite positive picture, the tightening of credit spreads is growing risk

Service provides small to mid-sized schemes with guidance on moving from buy-in to buyout