FTSE 100 pension scheme funding levels fell £30bn in the three months to the end of June, Redington Partners says.
The consultant said scheme funding levels fell from a surplus of £21bn at the end of March to a deficit of £9bn at the end of June. It said increased liabilities due to falling long term interest rates...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.