Ibstock DB scheme surplus shrinks by £45.7m

The firm said the decrease from £56.2m to £10.5m in a year was due to asset performance

Holly Roach
clock • 1 min read
Ibstock DB scheme surplus shrinks by £45.7m

The actuarial accounting surplus of the Ibstock Pension Scheme fell over the year to the end of June by £45.7m, according to its interim results.

The firm's results - published today (2 August) - revealed the surplus of Ibstock's defined benefit (DB) scheme fell from £56.2m at the end of June 2022 to £10.5m as at 30 June 2023. The firm sa...

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 Industry

Autumn Budget 24: How Labour's announcements impact the pensions industry

Autumn Budget 24: How Labour's announcements impact the pensions industry

Pensions industry reacts to chancellor Rachel Reeves’ first Budget

Holly Roach
clock 30 October 2024 • 6 min read
Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

The chancellor chose not to target workplace pensions, despite raising taxes by £40bn

Holly Roach
clock 30 October 2024 • 3 min read
Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Government announces it will fulfil manifesto pledge to give mineworkers ‘fair pensions’

Martin Richmond
clock 30 October 2024 • 1 min read
Trustpilot