Pensions - Articles - DB pension deficit remains unchanged at end of July

 PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s 5,000+ corporate DB pension funds. 

 The latest Skyval Index figures, based on the 'gilts plus' method widely used by scheme actuaries, are:
 

 
 Steven Dicker, PwC’s chief actuary, said: “Amid a backdrop of some lockdown measures being eased and economic activity starting to pick up, but concerns around COVID-19 remaining, the markets remained reasonably steady. As a result, both liabilities and assets of the UK DB corporate pension universe are unchanged from June.

 “The long-term impact of the pandemic on the economy remains uncertain, so trustees and sponsors need to stay focused on risk management. While the overall position may have remained reasonably stable, individual schemes have fared very differently depending on how well their risk management approach and governance framework has responded to the crisis.”