British Steel scheme 'has £2bn surplus' on best estimate assumptions

James Phillips
clock • 3 min read

The British Steel Pension Scheme (BSPS) could have a £2bn surplus when using best estimate investment return assumptions, analysis by First Actuarial has suggested.

The firm, which produces a monthly index on defined benefit (DB) funding positions, said using a 4% weighted discount rate and a ‘breakeven' investment return rate of 2.9% results in the significan...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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