Trustee’s Annual Report & Financial Statements 2018

The Scheme Actuary has produced the annual actuarial update, which gives an estimated liability based on the 2015 assumptions of £5,080m as at 31 March 2018. Assets at the same date were £5,097m. This means the Scheme had a surplus of £17m, slightly lower than the surplus of £29m at 31 March 2017. This continues the trend over the last few years, which has seen the funding level stay stable at around 100% funding.

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