A sharp drop in inflation expectations and continuing low gilt yields have undermined the ability of the UK's biggest firms to support their pension schemes, research finds.
Pension deficits at FTSE 350 firms grew 10% last month as falling bond yields reversed improvements in funding levels seen earlier this year, research finds.
Pension deficits of UK companies have risen by £107bn since March 2014, according to research.
The defined benefit (DB) pension scheme deficit of FTSE 350 retailers has grown 30% in the past year, according to the latest figures.
Pensions are in constant flux but contributions remain stable even if employees are failing to make use of employer matches, Natasha Browne finds
FTSE 350 deficits have climbed 40% since September with spiralling gilt and corporate bond yields putting increased pressure on schemes.
Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.
The total deficit of defined benefit (DB) FTSE 350 pension schemes surged 80% over the year to date, according to Hymans Robertson.
Deficits of defined benefit (DB) pension schemes have worsened year on year as a result of critically low bond yields, according to JLT Employee Benefits' monthly index.
PP looks at why trustees are coming under pressure over trapped surpluses and what they can do about it