DB surplus hits record high of £382bn on best estimate basis, says First Actuarial
The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).
Calculated using best estimate returns on their assets, the surplus had increased 0.8% from the end of May, while the funding ratio stayed the same at 131%. According to the First Actuarial, liabilities...
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