Gilt yields fall by 0.1% in June causing scheme surpluses to fall back

Aggregate surplus of UK schemes fell over June to £131bn, down from £140bn in May

Holly Roach
clock • 1 min read
Gilt yields fall by 0.1% in June causing scheme surpluses to fall back

Surpluses of UK defined benefit (DB) pension schemes have fallen back in June as a result of a slight fall in gilt yields over the month, according to XPS Pensions Group analysis.

The consultanc­y's DB:UK Funding Watch revealed the aggregate surpluses of schemes decreased over June to £131bn, compared to £140bn at the end of May. The decrease, according to XPS, came as lo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FCA fines adviser £1.4m over unsuitable DB pension transfers

FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
clock 29 November 2024 • 2 min read
Tender Watch: LGPS funds seek pension administration software provider

Tender Watch: LGPS funds seek pension administration software provider

Multi-provider framework agreement sought in support of the LGPS

Professional Pensions
clock 28 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Trustpilot