JLT: DB deficits hit record £341bn in June

Kristian Brunt-Seymour
clock • 2 min read

Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.

Its latest monthly statistics for all private sector schemes under the IAS19 standard accounting measure in company reports and accounts showed the gap between assets and liabilities rose for a fif...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

LGPS assets hit record £400bn in March

LGPS assets hit record £400bn in March

Isio finds funding levels increased 67% since last actuarial valuation in March 2022

Jasmine Urquhart
clock 29 April 2024 • 2 min read
Clara Pensions CEO questions need for public sector consolidator

Clara Pensions CEO questions need for public sector consolidator

Simon True says need for PPF consolidator ‘not obvious’ in a ‘vibrant’ market

Martin Richmond
clock 26 April 2024 • 2 min read
CETVs 'significantly lower' since last year as Q1 sees 2% decrease

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

Transfer Value Index finds average volumes are £160,000 but 50% lower than last year

Jasmine Urquhart
clock 25 April 2024 • 1 min read
Trustpilot