Pensions - Articles - DB pension deficit down by twenty billion pounds in June


New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds increased stood at £220bn at the end of June 2019 - down £20bn from the previous month.

 PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,450 corporate DB pension funds. The current Skyval Index figures, based on the 'gilts plus' method widely used by scheme actuaries, are:

 

 The fall follows a £60bn increase in the deficit during May which came after an £80bn drop in the previous month.

 Steven Dicker, PwC’s chief actuary, said: “The small improvement in the deficit has been mostly driven by positive performance in equity markets over the month. Overall, however, the yo-yo trend of recent months is largely a reflection of funds treading water as geopolitical and economic issues continue to rumble on.” 

Back to Index


Similar News to this Story

Young adults at home are draining parents pension pots
Parents are forking out on average an extra £414 per month to afford their adult children remaining in the family home for longer than expect
Current annuity rate at lowest for twenty five years
Steven Cameron, Pensions Director at Aegon comments on figures from Moneyfacts showing the current annuity rate is the lowest since at least 1994 (whe
Comment on the scope of latest NHS pension consultation
comment from Steven Cameron, Pensions Director at Aegon, following the consultation on proposals to offer more flexibility to senior clinicians in the

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.