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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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BPA Implementation Manager | ||
North / hybrid working 50/50 - Negotiable |
Head of Reserving | ||
City of London - £150,000 Per Annum |
PRT or BPA Specialist | ||
Nationwide offices / hybrid working - Negotiable |
Retirement Consultant | ||
UK-wide / hybrid 2 dpw office-based - Negotiable |
GI Associate Actuarial Director | ||
London / hybrid 2-3 dpw office-based - Negotiable |
GI Actuarial Senior Manager | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Actuarial Manager - GI/Risk | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Insurance Risk Manager | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Financial Risk Leader - ALM Oversight | ||
Flex / hybrid - Negotiable |
Financial Risk Leader | ||
Flex / hybrid - Negotiable |
Take the lead on actuarial financial ... | ||
Flex / hybrid - Negotiable |
With-Profits and Investment Risk Expert | ||
Flex / hybrid - Negotiable |
Reinsurance Actuary | ||
London/Hybrid - Negotiable |
CONTRACT (12 months): Underwriter | ||
Fully remote - Negotiable |
CONTRACT (12 months): Senior Underwriter | ||
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MI Manager | ||
UK South West / hybrid 2 days in the office - Negotiable |
Senior MI Analyst | ||
UK South West / hybrid 2 days in the office - Negotiable |
LONDON MARKET CONTRACT: Capital Model... | ||
London/hybrid 2-3dpw office-based - Negotiable |
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London / hybrid 3 dpw office-based - Negotiable |
Market-leading Pricing | ||
South East or Scotland / hybrid 2 dpw in the office - Negotiable |
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