Trustee’s Annual Report & Financial Statements 2016

Estimated funding position Each year, the Scheme Actuary provides the Trustee with an estimated funding position, based on the assumptions agreed at the previous triennial valuation. As at 31 March 2016, the Defined Benefit assets of the Scheme were £4,914m and the liabilities were estimated to be £4,987m. This indicated that the Scheme had a small deficit of £73m and a funding ratio of 99%. 

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