Strathclyde Pension Fund reports £12bn surplus
UKPulse Money Desk
The Strathclyde Pension Fund has reported a record surplus of £12 billion, exceeding the amount needed to cover its near-300,000 members' pensions.
- Strathclyde Pension Fund has a £12 billion surplus.
- The fund has nearly 300,000 members.
- The surplus is described as a 'record'.
The Strathclyde Pension Fund's latest accounts show a record surplus of £12 billion. This amount is reportedly more than what is required to pay the pensions of its approximately 300,000 members.
The surplus has been criticised as 'utterly nuts' amid taxpayer concerns over issues such as potholes and social care.