The new valuation found that the overall value of the Superannuation Fund (the pension scheme), as of 31 December 2016, was £1,301m., with the liabilities being £1,392m., just £91m. more. This current position of 93.5% funded compares to 93.4% in 2013 and 92.7% in 2010. An actuarial valuation compares the value of a pension scheme’s assets with […]
