Managing defined benefit pension scheme surpluses
Managing defined benefit pension scheme surpluses
10 Jul 2023
After so long addressing deficits in defined benefit (DB) pension schemes, employers are faced with a new issue to consider: managing surpluses.
We estimate that across all UK DB schemes there was an aggregate surplus of £130bn against their long-term funding targets at the end of June 2023. Where a surplus has arisen, there are a number of options available for employers.