UK. DB scheme surplus rises to £271.3bn; funding ratio hits three-year high
The aggregate surplus of defined benefit (DB) schemes in the UK increased by £7.3bn during July to £271.3bn, as falling liabilities outweighed a decline in asset values, the latest figures from the Pension Protection Fund (PPF) have shown. The PPF’s 7800 Index showed that the aggregate funding ratio rose by 1.9 percentage points from 131.1 per cent in June to 133 per cent, the highest level recorded since July 2023. Total scheme assets fell by 1.7 per cent during the month, from £1.113trn...
