PwC finds over the last year, more than half of DB schemes saw asset values fall 20-40%
Poll finds 42% were in surplus, 30% in deficit and 12% with a mixture over the last six months
Barnett Waddingham says funding levels of FTSE 350 schemes have risen by 10%
Mercer reports surplus fall while Broadstone finds funding positions remain stable
Schemes must understand how they shape up and develop a strategy for recovery as it becomes “apparent that 2021 will continue to be a challenge for pension schemes”, Aon says.
The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 90 basis points (bps) over February, latest Pension Protection Fund (PPF) data shows.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.