US - The funding status of S&P 1500 pension schemes dropped in July for the third month in a row on the back of falling AA corporate bond yields, Mercer said.
The aggregate funding status of these plans was 81% at the end of July, down one percentage point from the previous month.
In the same time period, the Mercer Yield Curve fell to 6.1%, from 6.79%, partly negating some of the gains in the equity markets, Mercer said.
The change in the yield curve caused liabilities to increase by 7.6%, said Mercer financial strategy group principal Adrian Hartshorn.
He said: "As companies set budgets and business plans for 2010, the potential impact of the 2008 investment performance will continue to be important."
He added: "Many companies could be facing higher pension costs...and higher cash contribution requirements in 2010 compared to 2009."
BNY Mellon has launched a range of reporting tools to help institutional investor clients track and evaluate portfolio investments based on environmental, social and governance (ESG) issues.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Both New Zealand and Australia are assessing myriad complex pension policy options. David Harris says the UK would do well to study these developments
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).