The Pensions Authority publishes statistics for defined benefit schemes

Tuesday 8 August 2017: Today the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from analysis of Annual Actuarial Data Returns (AADRs) received to 31 March this year.

Some of the findings from the data include:

• the number of DB schemes subject to the funding standard is 628, a decline of 6% since last year.
• the reported assets figure for these schemes was €60.8 bn.
• the scheme liabilities as measured under the funding standard totalled €58.1 bn.
• 74% of schemes were reported as meeting the funding standard, an increase from 70% last year and 58% the year before.

-Ends-

For further information, contact:

David Malone

Head of Operations

The Pensions Authority

Tel: (01) 6131900

Note to Editors

The Pensions Authority

The Pensions Authority (the “Authority”) is the statutory body established by the Pensions Act 1990 (the “Act”) to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Social Protection on overall pension policy development. See www.pensionsauthority.ie