Defined Benefit

Global equity performance and narrowing credit spreads offset falls in gilt yields

The group’s total net DB plan surplus was £3.3bn as at 31 December 2022

TPR has been urged to simplify the draft DB funding code to avoid burden on schemes

PwC and Broadstone show that funding largely improved during January

Research found nearly 88% of corporates lack a strategy with clear and structured timelines

LCP analysis of TPR’s consultation documents found scarce references to climate change

The firm put the growth largely down to its proprietary bulk quotation service

The average time to buyout fell by five years and four months

Advisory firms in British Steel Action Group take court action against compensation

Sponsoring employers could be hit with a bill of around £34bn bill under TPR’s new DB funding code