Defined Benefit

Industry hits out at lack of proposals for private sector DB surpluses

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

EY-Parthenon finds Q3 saw a 33% increase compared to Q2

DB schemes with actuarial valuation dates on or after 22 September should use the code

Lifeboat fund’s index finds surplus rose to £485.1bn from £476bn at the end of September

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

The organisation said schemes reached a new funding record in October