Mercer: FTSE 350 deficit surged by over a quarter in 2018 with 'anticipated' GMP costs
The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.
The consultancy's 2018 Pension Risk Survey, published today (7 January), stated that this was driven by a £19bn fall in asset values from £766bn at the end of 2017 to £747bn at the end of last year. A...
More on Defined Benefit
Ditch gilts-based valuations to generate £40bn of value, TPR urged
Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.
Scheme valuations in a Covid-19 economy
As over 1,000 DB schemes seek to agree a valuation amid the crisis, Hope William-Smith looks at the considerations.
94% of industry backs increased trustee power to halt potential scam transfers
Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.
DB members with weak employers face 50% chance of benefits cut
Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
Mercer launches DB master trust as scheme pressures grow
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.
