How the funding of defined benefit pension schemes is changing
Consultancy reveals DB pension surpluses remained stable during last month at £176bn
PwC’s Buyout Index showed DB surpluses of £280bn during August
PPF 7800 Index surplus hits record levels but uncertainty may lie ahead
Surpluses often trapped with accounting rules providing block on discretionary increases
The funding impact for well-hedged schemes will depend on exposure to non-hedging assets
PwC asks if public sector schemes will look to use surpluses to meet contribution costs
More schemes are in surplus, with an aggregate surplus of £455.5bn seen in March
PwC research says it is ‘critical’ for schemes to assess full range of options for their endgame
Sponsors urged to negotiate ‘robustly’ on funding assumptions and agreements