FTSE 350 DB deficits sit at £108bn after JLT revises tracker
The UK's 350 largest companies ended January with an aggregate defined benefit (DB) deficit of £108bn on an IAS 19 basis, according to JLT Employee Benefits.
As of 31 January, liabilities were £834bn while assets stood at £726bn. This meant FTSE 350 firms had a funding level of 87%. However, the firm has recently adapted its monthly tracker to better reflect...
More on Defined Benefit
'Mothballing': A guide for trustees
Jo Myerson looks what trustees should be considering if their sponsor decides to temporarily shut its doors.
How should trustees consider climate risks to sponsor covenants?
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Recovery end plan dates lengthened by just one third of DB schemes
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown remains slowest on pension transfers
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
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.
