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This is the 2023 update to The Pensions Regulator’s (TPR’s) annual funding statistics for UK defined benefit (DB) and hybrid schemes. The underlying data are sourced from valuations and recovery plans submitted to TPR both for schemes with deficit positions, and from annual scheme returns for schemes with surplus positions. |
The tables in the annex are prepared in accordance with the UK Code of Practice for Official Statistics. The update is based on tranche 16 schemes with effective valuation dates falling from 22 September 2020 to 21 September 2021 inclusive.[1] These valuations fall within the sixth triennial cycle of scheme funding with due dates for receipt falling within the period December 2021 to December 2022. This report shows funding trends in the context of market conditions, assumptions and scheme characteristics that impact on valuations. It also describes reported arrangements for recovery plans, employer contributions and contingent security. The report is comprised of several sections. Specifically, Section 2 summarises the key figures in the current tranche. Section 3 discusses market conditions associated with the current tranche. Funding levels are summarised in Section 4 and funding strategies are summarised in Section 5. Valuation assumptions are reported in Section 6. Data summaries (tables) contained in the annex provide more detail on the high-level trends presented in this document. Note that tranche 16 schemes belong in the cohort with tranches 1/4/7/10/13, meaning comparisons with other years will generally be limited to these tranches. The Pensions Regulator's Scheme Funding Analysis - Full Report |
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| Data-driven pricing analyst | ||
| Cardiff / hybrid 2-3 dpw office-based - Negotiable | ||
| Senior Pensions Administrator | ||
| Various UK locations / hybrid - Negotiable | ||
| Capital Actuary | ||
| London - £140,000 Per Annum | ||
| Reporting Manager - South East/Hybrid | ||
| South East, Hybrid - Negotiable | ||
| Project-oriented pensions consultant ... | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Senior BPA Leader | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Risk Settlement Project Support | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Risk Settlement Lead | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Pricing Analyst - Life Actuarial | ||
| South East / hybrid - Negotiable | ||
| Senior Actuarial Trainee | ||
| South East / hybrid 3 days p/w office-based - Negotiable | ||
| Head of Capital | ||
| London - £160,000 Per Annum | ||
| Actuary – Broker | ||
| London - £150,000 Per Annum | ||
| Senior Pricing Analyst - Travel Insur... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Analyst - Non-actuarial | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial & Insurance Risk Actuary | ||
| Scotland / hybrid 2 dpw office-based - Negotiable | ||
| Pensions (Scheme) Regulation Director... | ||
| London or Birmingham with flexible hybrid working - Negotiable | ||
| Cross-Asset Structurer - International | ||
| Zurich - Negotiable | ||
| BPA Transition Manager | ||
| South East - Negotiable | ||
| Calling all technical pensions specia... | ||
| North West with a range of hybrid working options - Negotiable | ||
| Take the lead on London Market pricing | ||
| London – 3 days per week in the office - Negotiable | ||
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