All surplus articles
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsUK’s Autumn Statement proposals encourage DB schemes to run on
Chancellor announces consultation on changes to rules around DB scheme surpluses and tax rate reduction on surplus extraction
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NewsGovernance group calls UK government to end DB/DC ‘intergenerational unfairness’
To encourage corporate DB schemes to build a surplus, plan sponsors should be offered the chance to deploy surplus to boost DC contributions, IGG says
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NewsDepartment store John Lewis shows healthy pension fund surplus
Pension fund to stop £10m deficit contributions
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AnalysisAnalysis: Can UK plan sponsors benefit from Mansion House reforms’ surpluses?
Consultants share mixed views on whether pension fund sponsors could benefit from surpluses
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NewsFTSE 350 DB pensions schemes shift £5bn deficit to £38bn surplus
But ’there is every chance that 2022 will be a last hurrah for cash injections into DB schemes’, says WTW
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NewsMercer research shows £35bn surplus for FTSE 350 pension schemes
The present value of liabilities fell from £627bn at 30 November 2022 to £595bn at the end of December 2022 driven by a rise in corporate bond yields
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NewsUK pension funds hit record £250bn surplus, research from PwC reveals
The increase was mainly driven by the continuing rise in long-term bond yields
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NewsTPR calls on trustees to reduce covenant reliance
UK pensions regulator points to the importance of assessing how current market events are shaping the employer covenant
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News
UK roundup: London councils switch pension investments to renewable energy
Plus: DB schemes maintain surplus amid market volatility
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NewsUK DB schemes maintain surplus despite fall in asset and liability values
Plus: UK-listed companies with DB schemes see profit warnings increase
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UK DB schemes’ surplus should lead to more efficient investing, says PwC
Pension scheme investment in Gilts has more than doubled, from 23% to 50% of their assets, the firm found
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NewsPension deficits turned into surpluses at the start of pandemic, says WTW
Where deficit contributions were made, the median amount paid in 2020 was estimated at £15m, up 8% on 2019
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News
UK government urged to revisit miners’ pension scheme surplus rules
Government has taken £4.4bn from excess pension assets since 1994, but MPs, trustees and scheme members have demanded changes
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Accounting body delays work on DB surplus refund rules
International Accounting Standards Board wants its work on the controversial rule aligned with research into DC schemes
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Revamped British Steel scheme reports £2.2bn accounting surplus
Steelworkers’ union calls for surplus to be passed on to members
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NewsAccounting roundup: Reporting reforms and post-Brexit rules
IASB proposes new financial performance measure; ICAEW calls for maintainance of accounting standards
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NewsIASB urged to look again at DB surplus accounting rules
Controversial IFRIC 14 rules need further research, say accounting regulator’s staff
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UK scheme surplus rules causing concern for sponsors: KPMG
Poll of pension scheme sponsors finds average discount rate has hit negative level after inflation
