Many of Ireland's largest defined benefit pension schemes back in surplus.
Now in its fourteenth year, the analysis by Lane Clark & Peacock Ireland Limited (LCP) of defined benefit pension scheme finances in Ireland’s largest publicly quoted and State-controlled companies shows an aggregate pension surplus of €4.2bn as at 30 November 2022, with an unprecedented number of pension schemes now in surplus.
This aggregate surplus is a marked improvement from a surplus of €0.4bn as at 31 December 2021, mainly as a result of the very significant rise in bond yields over 2022.
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