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
DB funding - January 2020: Gilt yield drop pushes up deficit by £64bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the January 2020 estimates on the various measures…
PASA launches consultation on DB transfers code
The Pensions Administration Standards Association (PASA) has launched a consultation seeking views on its combined code for defined benefit (DB) transfers.
Exclusive: Schroders pension scheme allocates £800m of DB assets to in-house solution
The Schroders Retirement Benefits Scheme (SRBS) is allocating £800m of its defined benefit (DB) assets to its in-house cashflow driven investing (CDI) building blocks.
Universities set for further USS strike action
The University and College Union (UCU) has announced a further 14 days of strike action at 74 UK universities in a continuing dispute about pensions and pay.
Mercer debuts AI tool to predict DB outcomes
Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.
