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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Aviva reports shrinking retirement sales with BPA volumes down by half

Aviva reports shrinking retirement sales with BPA volumes down by half

Q3 trading update comes as CEO Amanda Blanc sees 'significant opportunities' for wealth expansion

Jen Frost
clock 13 November 2026 • 2 min read
Over £400bn transferred from DB schemes to insurers to purchase buy-ins

Over £400bn transferred from DB schemes to insurers to purchase buy-ins

LCP says PRT market over the next 20 years could look ‘very different’ from the last

Holly Roach
clock 13 November 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

New framework for trustees, BCSSS admin change, TPR on reform, and Fujifilm buy-in

Professional Pensions
clock 13 November 2026 • 1 min read
Trustpilot