An increase in gilt yields in 2013 could push up the price of buy-ins but improve the affordability of full buyouts, says Pension Corporation.
The Pensions Regulator has denied it is forcing trustees to use a gilt-based mechanism to measure liabilities, in the face of calls to be more flexible on valuations.
Private sector deficits have fallen for the third consecutive month as equity markets bounce back and falling yields slow down, research from the Pension Protection Fund reveals.
The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.
Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.
The aggregate deficit of UK private sector schemes has decreased by £33.5bn over January, research from the Pension Protection Fund shows.
The National Employment Savings Trust has cut its allocation to conventional gilts across all 47 of its retirement date funds.
The ‘no change' announcement by the Office for National Statistics has added £20bn to FTSE100 deficits as gilt market expectations for inflation increased.
Scheme deficits remained largely unchanged over the last year despite gains in asset prices, Pension Protection Fund research says.
Deficits in UK schemes remain stubbornly high as the aggregate shortfall for schemes in the PPF 7800 index rose above £250bn last month.