Every three years, trustees of defined benefit pension schemes like Pace DB have to carry out a financial check on their scheme, called an actuarial valuation. You can download a copy of Pace DB’s most recent Funding update below:
The next valuation of Pace will be carried out as at 5 April 2019 and will look at the two sections of Pace separately. It is expected that the results of this valuation will be communicated to members in the Members’ Report in 2020.