FTSE 100 DB deficit improves by £36bn; Bond allocations rise
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
It said at that point, the total FTSE 100 DB deficit fell to just £1bn. Over the 12 month period, JLT found the average allocation to bonds had increased to 66%, up from 63% the year before and 35%...
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