Trustee's Annual Report and Financial Statements 2019

The Scheme Actuary has produced the annual actuarial update, which gives an estimated liability based on the 2018 assumptions of £4,950m as at 31 March 2019. Assets at the same date were £5,045m. This means the Scheme had a surplus of £95m, slightly lower than the surplus of £145m at the 31 March 2018 triennial valuation. 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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