The combined deficit of schemes at FTSE 350 firms climbed to £111bn in April as falling bond yields and rising inflation expectations cancelled out stock market gains, says Mercer.
The consultant's monthly Pensions Risk Survey found the aggregate deficit increased by £9bn in the month, to exceed the previous high point of £108bn reported last year. It estimated asset value...
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
