UK defined benefit scheme liabilities remained at about £1.4trn at the end of July, owing to easing price inflation and tightening of corporate bond yields, research finds.
Here it is. The lists of the FTSE100 firms with the highest scheme funding levels and the largest percentage increases in funding levels.
Here it is. The lists of the FTSE100 firms with the largest deficits; the biggest shortfalls compared to market capitalisation; the lowest funding levels; and the largest decreases in funding levels.
Barclays has seen its UK pension scheme deficit drop by more than half in the last six months to £1.2bn.
The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.
FTSE350 companies' combined pensions deficit stood at £38bn at the end of July, down slightly from £44bn at the end of June after a volatile month.
BAE Systems' UK pension deficit has edged up to £3.7bn after liabilities increased by £387m in the past six months due to changes in assumptions.
Scheme funding levels fell by 1.5 percentage points over the second quarter, Investment Solutions research reveals.
Some 29 FTSE350 companies are paying defined benefit deficit repayments that exceed their free cashflow, Barnett Waddingham analysis shows.
Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.