GKN shortfall soars despite de-risking measures
GKN has seen its pension deficit more than double over the past 12 months, as a falling discount rate cancelled out gains from a funding partnership and enhanced transfer value exercise.
The engineering firm revealed in its end of year results today that the shortfall had grown by £188m to £259m on an IAS19 basis, driven principally by a 70 basis point fall in the discount rate which increased...
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Covid-19 puts brakes on DB pension transfer activity
Down again from March
DB funding - April 2020: Deficit falls by £7bn, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2020 estimates on the various measures…
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