FTSE350

Sponsoring employers are increasingly updating mortality assumptions at a more frequent rate to keep on top of changes in pension liabilities, according to Mercer.

The aggregate accounting deficit of the FTSE 350's defined benefit (DB) schemes fell by a modest £3bn last month, according to Mercer's latest Pensions Risk Survey.

Master trusts are increasingly becoming the defined contribution (DC) vehicle of choice for FTSE 350 companies as they ditch trust-based schemes.

The UK's 350 largest companies ended January with an aggregate defined benefit (DB) deficit of £108bn on an IAS 19 basis, according to JLT Employee Benefits.

The combined deficit of FTSE 350 defined benefit (DB) schemes rose by £98bn over 2016, according to Mercer data.

The aggregate deficit of FTSE 350 defined benefit (DB) schemes more than doubled in 2016, causing funding levels to plummet 10% in 12 months.

UK pension schemes' average allocation to bonds has risen to over 50% for the first time according to The Pension Protection Fund's (PPF's) Purple Book.

Private sector defined benefit (DB) schemes saw a small improvement in their funding ratios in November after a year of market turmoil.

The Pensions and Lifetime Savings Association (PLSA) has called on every FTSE 350 firm to divulge more information with investors about their workforce.

The number of FTSE 350 defined benefit (DB) plans which are cashflow negative has increased from 50% to 57% over the course of the year according to Hymans Robertson.