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

31 is the magic number for pension engagement
Many people actively engage with their pension by 35 and over a third (35%) started planning for their retirement before turning 30. Beginning pension
Lack retirement confidence as cost of living bites
New research from PensionBee reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-te
Professional trustee market matures but growth slows
LCP’s latest and fifth annual survey on the Professional Trustee and Sole Trustee market – LCP Sole Mates highlights that while growth has slowed in t

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.