Assumption changes to knock up to £45bn off FTSE 350 pension deficits

Kim Kaveh
clock • 2 min read

Lower life expectancy assumptions could knock up to £45bn off pension deficits on an accounting basis, according to Willis Towers Watson.

According to the firm, refinements made to how companies convert retirement benefits which are expected to be paid in future into a single liability is also a contributing factor. It calculated ...

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 Industry

'Solid action plan' needed to ensure LGPS general code compliance

'Solid action plan' needed to ensure LGPS general code compliance

Hymans says LGPS funds need clear evidence to demonstrate compliance of TPR's code

Holly Roach
clock 24 May 2024 • 1 min read
PensionBee updates on US expansion

PensionBee updates on US expansion

Customers to consolidate retirement plans into new individual account

Jasmine Urquhart
clock 24 May 2024 • 1 min read
WSB Awards 2024 - Last chance to enter!

WSB Awards 2024 - Last chance to enter!

The 12th anniversary WSB Awards will be presented in London on 5 September

Workplace Savings and Benefits
clock 24 May 2024 • 2 min read
Trustpilot