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Accounting
for Pensions 2024

Publications

The new normal?

Making the most of multi-billion £ pension surpluses

LCP’s latest Accounting for Pensions report analyses the 2023 disclosures of FTSE100 companies. This year our report highlights how pension surpluses now appear to be embedded, and how the Government could make it easier for surpluses to be returned to companies where they are not required by the schemes themselves.

Read the report

What's inside?

  • Making the most of continued surpluses
  • IAS19 assumptions benchmarking
  • Hot topics for Finance Directors
  • Executive pensions benchmarking 

“The FTSE100’s UK DB pension schemes have been in surplus four years in a row – is this the new normal? These surpluses appear to be being used to reduce risk, with bond and cash allocations ballooning to almost 75% of assets and 1 in 5 undertaking an insurance transaction in 2023. The coming year or two may well be pivotal – will we continue relentlessly down the current derisking path, or will schemes and sponsors pivot to try and take advantage of the new normal?”

explains Luke Hothersall, Partner and co-author of the report.

How we can help

Contingent funding approaches are rapidly becoming more widespread. They can be a great way to protect member benefits as well as the shareholders and other creditors of the sponsoring employer.

We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits.

Whether to enter a DB Consolidator is a complex decision. Sponsors and Trustees must be sure it is the right decision for their scheme and its members. We can help.

We work with you and your finance team to ensure that your ongoing statutory duties and compliance exercises are done quickly, efficiently and accurately.

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.