FTSE 350 surplus soars to record high of nearly £80bn

Despite positive picture, the tightening of credit spreads is growing risk

Jonathan Stapleton
clock • 2 min read
FTSE 350 surplus soars to record high of nearly £80bn

The aggregate surplus across company accounts of FTSE 350 pension funds soared to £79bn in May 2024, the highest level ever recorded according to Mercer research.

The consultancy's pensions risk survey found that bond yields fell slightly over May while the market's expectation for inflation stayed broadly level and equity markets performed well – changes th...

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 Defined Benefit

DB transfer compensation sees 'radical decline' in 2025

DB transfer compensation sees 'radical decline' in 2025

Broadstone DB Redress Tracker shows compensation has steadily fallen since peaking in Q1 2022

Martin Richmond
clock 12 January 2026 • 2 min read
Updated national LGPS framework for consultancy services goes live

Updated national LGPS framework for consultancy services goes live

Updated framework will help LGPS funds comply with Fit for the Future requirements

Jonathan Stapleton
clock 09 January 2026 • 1 min read
LCP urges DB schemes to take action ahead of 'marathon' 2026

LCP urges DB schemes to take action ahead of 'marathon' 2026

Consultancy highlights key areas for trustees to focus on to ‘hit the ground running’

Martin Richmond
clock 06 January 2026 • 3 min read
Trustpilot