UK - The rise in AA credit spreads has contributed to a £38bn (US$75bn) turn-around in FTSE100 company pension deficits over the past 12 months, leading to an aggregate surplus of £21bn.
Research by investment consultancy Redington Partners showed this improvement to be largely based on IAS 19 accounting rules. Under the regulations, scheme liabilities are valued using long term AA...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
