LCP Pensions
Accounting Briefing 2022
Publications
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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Corporate change can often occur unexpectedly or quickly. For those sponsoring or managing pension schemes, the implications can be significant. DB pension liabilities and future DC pension arrangements, along with associated employee benefits, are a key consideration in any commercial transaction today.
