FTSE 100 slashes DB deficit to near 100% funded
The UK's 100 largest listed companies saw their combined defined benefit (DB) deficit fall by 75% during June, bringing them very close to fully-funded status, according to JLT Employee Benefits.
Measured under the IAS 19 accounting standard, FTSE 100 schemes had a combined deficit of £1bn as of 30 June, down from £4bn at the end of May. With assets totalling £673bn and liabilities amounting to...
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TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
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DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
ECPA issues warning over changes to sponsor longevity assumptions
Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.
