DB surpluses fall to £98bn as we head into 2024, XPS finds

XPS research finds overall funding positions fell by around £28bn during December

Martin Richmond
clock • 1 min read
DB surpluses fall to £98bn as we head into 2024, XPS finds

The aggregate surplus of UK defined benefit (DB) schemes declined during December to around £98bn, according to research from XPS Pensions Group.

The latest data from the consultancy's DB:UK Funding Watch tracker revealed the overall funding position of DB schemes fell by approximately £28bn in the final month of 2023, due to a 0.5% fall in ...

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

Industry supports DB surplus release so long as clear parameters set, Aon finds

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot