Industry says a public sector consolidator should be aimed at small, fully funded schemes
PwC says surpluses give schemes opportunity to benefit from advancements in AI
BPA transaction secures the benefits of around 6,000 members
Surpluses often trapped with accounting rules providing block on discretionary increases
Incoming chair says issue is the ‘defining challenge of our generation’
PwC asks if public sector schemes will look to use surpluses to meet contribution costs
PwC research says it is ‘critical’ for schemes to assess full range of options for their endgame
Surplus options and public sector consolidator causing some schemes to re-evaluate strategy
Platform aims to make it easier for trustees to understand how portfolios are performing
PwC said increase in long-term gilt yields reduced estimated cost for schemes to buyout