DB surpluses hit record levels in August, XPS finds

Consultancy’s research finds aggregate DB scheme surplus rose by £50bn in the last year

Martin Richmond
clock • 1 min read
DB surpluses hit record levels in August, XPS finds

The aggregate surplus of defined benefit (DB) schemes against their long-term funding targets hit a record level in August, analysis from XPS Group shows.

The latest update from the consultancy's DB:UK Funding Watch tracker found the aggregate surplus of DB schemes hit a record £223bn by the end of last month, an increase of £11bn compared to the end...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

View profile
More from Martin Richmond

Hickson scheme completes £208m buy-in with Royal London

Nine in ten AE-eligible employees now saving into a workplace pension

More on Defined Benefit

DB surpluses should be viewed as strategic assets, not just opportunities
Defined Benefit

DB surpluses should be viewed as strategic assets, not just opportunities

Hughes Price Walker says decisions must balance security, employer objectives and scheme resilience

Holly Roach
Holly Roach
clock 30 July 2026 • 2 min read
FTSE 100 DB schemes surplus remains 'strong' at £55bn
Defined Benefit

FTSE 100 DB schemes surplus remains 'strong' at £55bn

LCP says surplus remained stable despite wider global economic uncertainty

Martin Richmond
Martin Richmond
clock 22 July 2026 • 2 min read
Managing surplus becoming 'increasingly important' strategic priority
Defined Benefit

Managing surplus becoming 'increasingly important' strategic priority

LCP says surplus sharing is rising up agendas, but most schemes still face endgame barriers

Holly Roach
Holly Roach
clock 17 July 2026 • 2 min read
Trustpilot