Falling bond yields drive deficits back towards record high
The accounting deficits of the UK's biggest pension schemes rose by 17% last month, according to research from Mercer.
The consultant's latest Pension Risk Survey found that falling bond yields helped push the deficit at FTSE 350 firms from £81bn to £95bn over the month. The slight drop in yields was partially offset...
More on Defined Benefit
Hargreaves Lansdown remains slowest on pension transfers
NFU Mutual the fastest
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
TPR: Just 4% of schemes have agreed DRC deferrals
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
DB funding - September 2020: PPF 7800 records £26bn deficit increase
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…
The unstoppable force paradox: Supply and demand in the DB transfer market
Philip Dickinson looks at the impact of Covid-19 on the transfer market and how schemes and advisers can support members.
