Interserve scheme surges into surplus after indexation swap

James Phillips
clock • 2 min read

The Interserve Pension Scheme has recognised a £70.6m reduction in liabilities after swapping the index used to uprate benefits.

Moving from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI) helped to boost the scheme's overall funding position into surplus, alongside a further £54m actuarial gain arising part...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

PPF publishes first PPF 7800 Index following methodology revamp

PPF publishes first PPF 7800 Index following methodology revamp

Substantial downward revision in aggregate funding position but DB outlook ‘encouraging’

Jonathan Stapleton
clock 10 December 2024 • 4 min read
FCA fines adviser £1.4m over unsuitable DB pension transfers

FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
clock 29 November 2024 • 2 min read
Tender Watch: LGPS funds seek pension administration software provider

Tender Watch: LGPS funds seek pension administration software provider

Multi-provider framework agreement sought in support of the LGPS

Professional Pensions
clock 28 November 2024 • 1 min read
Trustpilot