FTSE 100 scheme surpluses rise to £42bn by end of 2023

LCP says FDs should incorporate the accounting implications of surpluses into strategic decisions early

Jonathan Stapleton
clock • 2 min read
Phil Cuddeford: FDs need to actively manage the messaging of accounting surpluses to the markets
Image:

Phil Cuddeford: FDs need to actively manage the messaging of accounting surpluses to the markets

FTSE 100 defined benefit (DB) schemes posted an aggregate surplus for the fourth year in a row, latest research from Lane Clark and Peacock (LCP) shows.

The consultant's latest annual Accounting for Pensions report – The New Normal – showed the aggregate surplus sat at £42bn at 31 December 2023. It said some 80% of FTSE 100 companies now had an ...

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

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Fiduciary management fees consolidate at lower level

'Pound for Pound' initiative unveiled amid debate on shift from cost to value in DC

More on Defined Benefit

Take time to assess endgame plans amid 'significantly changed' landscape, says Hymans Robertson
Defined Benefit

Take time to assess endgame plans amid 'significantly changed' landscape, says Hymans Robertson

Consultancy says DB market has undergone a ‘vast’ and ‘significant’ change in recent years

Martin Richmond
Martin Richmond
clock 24 July 2025 • 5 min read
DB transfer values rise for first time this year, XPS finds
Defined Benefit

DB transfer values rise for first time this year, XPS finds

XPS says Transfer Value Index shows DB transfer values peaked in June to just over £143,000

Martin Richmond
Martin Richmond
clock 24 July 2025 • 2 min read
Partner Insight: Surplus extraction is here - What should DB schemes do now?
Defined Benefit

Partner Insight: Surplus extraction is here - What should DB schemes do now?

The government is making it easier for well-funded DB schemes to release surplus, when ‘safe to do so’, and trustees will need to set out their proposed approach to surplus extraction as part of their statement of strategy. As we weigh up this crucial issue of ‘safety’, let’s look to the insurance market to consider how DB schemes might run on and extract surplus for now, while preparing to pivot to buyout if needed.

Mathew Webb, Head of Endgame Solutions, Asset Management, L&G
clock 23 July 2025 • 7 min read
Trustpilot