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.
The UK’s 5,000-plus corporate defined benefit (DB) pension schemes showed a surplus of £305bn on a low-reliance basis at the end of January, PwC data shows.
Capita has updated its defined benefit (DB) scheme funding tracker for December showing schemes had seen a further improvement in their positions despite sharp asset price falls.