Pensions deficits for FTSE350 companies grew by 21% in September as falling bond yields and volatile stock markets were mitigated by a reduction in interest rate projections.
The figures, from Mercer's Pensions Risk Survey, show the aggregate shortfall climbed to £64bn on an IAS19 basis by the end of the month, up from £53bn at the end of August. The firm said fallin...
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
