Consolidation will add over 3,500 new members to TPT master trust
Revised regs are welcome but much now depends on TPR’s final code and strategy requirements
Move to make surplus extraction and design consolidator rules embraced by industry
Isio analysis finds rise in gilt yields saw a £13bn improvement in LGPS funding position
TPR’s annual DB and hybrid statistics show 2% reduction in overall number of schemes
L&G research finds approximately £50bn in total market volumes recorded last year
Mercer analysis finds increase in bond yields saw aggregate funding levels reach 111%
Barnett Waddingham finds CETVs rose 15% in Q4 2023 compared to previous quarter
Life expectancy assumptions will remain broadly the same as result of annual update
Funding ratio increased to 143.9% from 142.8% at the end of December, with 4,451 schemes in surplus