XPS DB:UK Tracker
The XPS DB:UK Tracker monitors the funding position of UK defined benefit (DB) pension schemes against two potential long-term targets, enabling trustees and corporate sponsors to see how their scheme’s funding compares to the wider pensions landscape.
The graph below shows the estimated aggregate funding position of UK DB pension schemes on both a long-term funding basis and a buyout basis since March 2023. You may toggle between these bases and customise the chart by either selecting “Assets and liabilities” or “Surplus (deficit)” and varying the time period.
If you wish to focus on a certain time period, simply move either end of the time bar at the top of the graph to isolate your view or click on either the start or end date and select a particular date by using the calendar function. Hovering over a point on a line will provide the funding information for that date.
Source: XPS Group. The data in the charts above incorporate data from The Pensions Regulator, the PPF 7800 Index, XPS Member Analytics and the XPS Data Pool.
- The assumptions used in the DB:UK long-term funding basis include a discount interest rate of gilt yields plus 0.5%.
- The assumptions used in the DB:UK buyout basis are designed to give a broad indication of the costs of buyout drawing on XPS’s experience of bulk annuity transactions and knowledge of insurer pricing.
- The charts above must not be relied upon as advice or taken as an authoritative statement of the law.
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