DB surpluses reach 'near record' of £154bn, XPS says

XPS says DB funding improved by £20bn in February driven by 0.2% rise in long term gilts

Jasmine Urquhart
clock • 1 min read
XPS says increased funding levels may prompt trustees to "review their ultimate objectives"
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XPS says increased funding levels may prompt trustees to "review their ultimate objectives"

The aggregate surplus of UK defined benefit (DB) schemes reached a “near record” of £154bn in February, analysis from XPS Pensoins Group has found.

The consultancy's DB:UK tracker found funding positions improved by around £20bn over the month, driven by a rise in long-term gilt yields of around 0.2%, decreasing the value of liabilities. Th...

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