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."
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.