FTSE350

FTSE 350 companies with defined benefit (DB) pension schemes have been hit particularly hard by the economic crisis caused by Covid-19, latest research from Barnett Waddingham shows.

This week's Pensions Buzz respondents were unsure whether Guy Opperman will stay in post as pensions and financial inclusion minister under the new Prime Minister.

The deficit of defined benefit (DB) pension funds was £200bn at the end of February, according to figures released by PwC's Skyval index, £10bn lower than at the end of January.

The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.

UK equities closed the year at an all-time high, putting the seal on a good year for the stock market, according to S&P Dow Jones.

The combined deficit of the FTSE 350's defined benefit (DB) schemes fell by £3bn over the course of November, according to Mercer's Pensions Risk Survey.

No FTSE 350 companies will retain a final salary scheme open to accrual by 2027, analysis by Hymans Robertson finds.

The collective deficit of defined benefit (DB) schemes decreased by £40bn to £420bn over July, according to PwC's monthly Skyval index.

The funding levels of smaller schemes fell at a rate nearly five times faster than their larger peers, latest analysis by Goldman Sachs Asset Management reveals.