Interserve scheme surges into surplus after indexation swap

James Phillips
clock • 2 min read

The Interserve Pension Scheme has recognised a £70.6m reduction in liabilities after swapping the index used to uprate benefits.

Moving from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI) helped to boost the scheme's overall funding position into surplus, alongside a further £54m actuarial gain arising part...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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