PwC has questioned whether funded public-sector schemes such as the Local Government Pension Scheme (LGPS) will look to use surpluses to help fund employer and employee contributions.
The aggregate surplus of the 5,131 schemes in the PPF 7800 index is estimated to have decreased over the month to £441.1bn at the end of August 2023, from a surplus.
The aggregate surplus of UK defined benefit schemes is estimated to have decreased to £374.4bn at the end of January 2023, from a surplus of £376.7bn at the end of December 2022, latest PPF 7800 data from the Pension Protection Fund shows.