The Social Housing Pension Scheme’s deficit has fallen by £615m, the company that manages the scheme has said.
The organisation put this down as “better than expected” investment returns, with funding also improving from 77% in 2020 to 84% as at 30 September 2021.
However, scheme assets had fallen from £5,148m to £4,941m, but was “more than offset by a fall in liabilities”, from £6,708m to £5,886m.
Author: Mark