LCP analysis shows funding positions remained ‘broadly unchanged’ in Q4 2023
Landmark deal could herald ‘transformative change’ in the industry
Surplus increased to £69bn due to increases in bond yields and fall in rate of inflation
PP brings together all the appointments in the pensions industry over the past week
Surplus reflects the strong position schemes find themselves in, says LCP
Two fifths of schemes are still considering the impact of Covid-19 in their accounts
Ten-fold increase in surplus since the start of 2021
Companies may now look to build on this strengthened position and consider de-risking
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).