![]() |
Mercer’s Pension Risk Survey data shows that the accounting position of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies improved by £19bn in November, with the deficit falling from £36bn to £17bn. |
The improvement in funded status partially reverses the significant shift back into deficit in October, from a £3bn surplus in September. Liabilities have fallen from £795bn to £767bn due to an increase in corporate bond yields and a fall in market implied inflation. Asset values fell from £759bn to £750bn.The quoted funding level increased from 95% to 98%. Adrian Hartshorn, Senior Partner at Mercer said: “This month’s improvement in the funded status is welcome after the significant impact of the Lloyds High Court judgment in October. However, there is still a considerable gap to bridge before pension schemes can return to surplus. Trustees should remain prudent, seek to lock in gains and ask themselves how much risk they need to take to meet their funding requirements.” LeRoy van Zyl, DB Strategist and Partner at Mercer, added: “This is a meaningful reduction in the deficit but, as we approach the end of the year and as the Government attempts to get the Brexit Withdrawal Agreement through Parliament, Trustees should evaluate the potential impact of political uncertainty on their sponsor’s financial security and put themselves in a position to capitalise on de-risking opportunities as they arise.” |
|
|
|
Deputy Head of Pricing | ||
London - £150,000 Per Annum |
BPA Implementation Analyst | ||
North-West / hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary – London Market | ||
London / Hybrid - Negotiable |
Pricing & Underwriting Analyst | ||
London / Hybrid - Negotiable |
BPA Transition Manager | ||
South East - Negotiable |
Modelling Actuary - Life | ||
South East - Negotiable |
Reporting Actuary - Life | ||
South East - Negotiable |
London Market Pricing Manager | ||
London - Negotiable |
London Market Pricing - FTC | ||
London - Negotiable |
Senior Pensions Data Technician - Ful... | ||
Fully remote - Negotiable |
STAR EXCLUSIVE: Remote GI Reserving A... | ||
UK remote - Negotiable |
Life Actuarial (Senior) Analyst | ||
South East / hybrid 1 dpw office-based - Negotiable |
Actuarial Pensions Consultant | ||
Nationwide / hybrid 2 dpw office-based - Negotiable |
Specialist Pensions Consultant | ||
London / remote - Negotiable |
Business Development Actuary - Pensions | ||
London / hybrid - Negotiable |
Make your mark in insurance consulting | ||
London/hybrid 2-3dpw office-based - Negotiable |
FTC: Financial Risk Manager | ||
London/hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary (Retail) | ||
London/Hybrid - £130,000 Per Annum |
Capital excellence in the capital - S... | ||
London - Negotiable |
Life Reinsurance Associate - Bermuda | ||
Bermuda - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.