US - Deficits of the pension funds sponsored by S&P 1500 companies were $45bn less at the end of January than they were a month earlier, figures by Mercer show.
The aggregate deficits totaled $271bn, versus $315bn at the end of December.
The deficit was bolstered by a 20 basis point increase in January in high quality corporate bond yields used as the discount rate. Meanwhile, equity markets were up with the S&P 500 index gaining 2%.
Jonathan Barry, a partner with Mercer's retirement risk and finance consulting group said: "With the gains that have been achieved, we could see an acceleration in the shift away from equities into bonds for corporate pension plans, as sponsors are willing to give up some expected return to reduce the variability of pension funding and accounting costs."
Here they are - the finalists for the Women in Pensions Awards 2019...
The Local Authority Pension Fund Forum (LAPFF) has shown support for Amazon's shareholder resolutions, advising its members vote for 11 of 12 shareholder proposals.
Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.