• Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  • Events
  • Whitepapers
  • ESG spotlight
  • PPTV
  • Newsletters
  • Sign in
  • Events
    • Upcoming events
      event logo
      Risk Reduction Forum 2019

      The Risk Reduction Forum seeks to arm trustees and scheme professionals with practical insights around best practice, and takeaways they can apply to their own scheme

      • Date: 14 Mar 2019
      • Radisson Blu Bloomsbury, London
      event logo
      Rising Star Awards 2019

      Professional Pensions has launched its inaugural Rising Stars Awards to celebrate the emerging talent in pensions

      • Date: 27 Mar 2019
      • Proud Embankment, London
      event logo
      Defined Contribution Conference 2019

      This exclusive one day conference will provide a comprehensive overview of the evolving DC landscape, and examine how Trustees and Pension Scheme Managers can overcome the challenges they face

      • Date: 24 Apr 2019
      • The Bloomsbury Hotel, 16-22 Great Russell St, London WC1B 3NN, London
      event logo
      Professional Pensions & PIC Breakfast Briefing

      This breakfast briefing will take a look at the outlook for the risk reduction market - looking in particular at how schemes can best prepare to conduct an insurance transaction, capacity in the market as well as the key factors that are likely to affect both pricing and demand.

      • Date: 30 Apr 2019
      • The Ned, 27 Poultry, London EC2R 8AJ, London
      View all events
      Follow our Professional Pension Events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • ESG spotlight
  • Sign in
    •  

      You are currently accessing ProfessionalPensions via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Subscribe
Professional Pensions
Professional Pensions
  • Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  •  

    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Professional Pensions
  • United Kingdom

FTSE 100 pension scheme deficits fall by £11bn in January

yeostephen01
  • Archive Archive
  • 02 February 2006
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
0 Comments

UK - FTSE 100 pension scheme deficits fell by £11bn (14%) over two weeks in January, as the deficit dropped to £66bn on 31 January, from £77bn on 18 January.


Watson Wyatt, who reported the findings, said the drop highlighted the short-term volatility of pension deficits when measured by the FRS17 accounting standard, and added that deficits had in fact increased by £6bn over the whole month.

Stephen Yeo, a senior consultant at Watson Wyatt, said January had produced some of the biggest swings in the Pension Deficit Index since the firm had begun its calculations in June 2002.

“A feature of marked-to-market accounting standards is that deficits can vary a lot, even in the course of a few days. This should not be of concern as long as it is understood by users of company accounts. What would be of greater concern was if the Pension Regulator were to use FRS17 as a funding target, rather than an accounting measure,” he commented.

The Watson Wyatt calculations noted that share values had continued to increase while bond yields had fluctuated. This suggested there had not been a significant asset shift by pension funds, but that relatively small amounts of demand have met a bond market with little supply, added Yeo.

“However, over the long term we do expect bond allocations by pension funds to continue to rise, he predicted.

By Lisa Haines


Related articles

  • PRI toughens up climate risk reporting for UK schemes
  • TPT launches education pension scheme as teachers face contribution rate hike
  • The People's Pension reveals plans to cut fees with move to banded structure
  • Akash Rooprai appointed as ITM head of client management
  • Government launches mid-life MOT website
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • United Kingdom

Latest stories

Meeting report boardroom
PRI toughens up climate risk reporting for UK schemes

Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).

  • Investment
  • 21 February 2019
Academic mortarboard symbol on computer keyboard
TPT launches education pension scheme as teachers face contribution rate hike

TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.

  • Defined Benefit
  • 21 February 2019
scissors
The People's Pension reveals plans to cut fees with move to banded structure

The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.

  • Industry
  • 21 February 2019
Akash Rooprai
Akash Rooprai appointed as ITM head of client management

Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.

  • Appointments
  • 21 February 2019
Back to Top

Most read

LifeSight becomes first master trust to be authorised by TPR
Lloyds Bank
Lloyds secures 630,000 pension customers with 'strong progress' towards one million by 2020
Guy Opperman
Government will not 'force pace of change' in AE
2019
Updated: Key dates for pensions
Fiduciary Management Trends in 2019 - Q&A with Ben Gunnee
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Privacy and Cookie policy
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017