Improvements in the pension scheme funding positions over the past six months are "illusory" due to a freak deviation in corporate bond yields, PricewaterhouseCoopers claims.
The advisory firm said the double-A corporate bond rate – which is used for calculating scheme liabilities – had deviated “significantly” from the gilt, or risk-free market. It said the spread b...
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