DB aggregate surpluses see £31bn year-on-year rise, XPS finds

DB:UK Funding Watch finds DB schemes ended 2025 in a ‘strong financial position’

Martin Richmond
clock • 1 min read
DB aggregate surpluses see £31bn year-on-year rise, XPS finds

Defined benefit (DB) schemes saw a £31bn year-on-year rise in aggregate surplus against their long-term funding targets in December, research from XPS finds.

The latest update from the consultancy's DB:UK Funding Watch tracker revealed that at the end of last month, the aggregate surplus of UK DB pension schemes stood at £214bn on long-term targets, com...

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