Pensions - Articles - Pension deficit shows further decrease at end of September


New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £150bn at the end of September, 2018 compared to a deficit of £170bn at the previous month end.

 PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,600 corporate DB pension funds. The current Skyval Index figures, based on the 'gilts plus' method widely used by scheme actuaries, are:

 Assets               Liability                target Deficit
 £1,620bn            £1,770bn               £150bn
 
 Steven Dicker, PwC’s chief actuary, said:“September has seen another decrease in the deficit for UK pension schemes, the change this month being predominantly due to increases in gilt yields impacting liabilities more than assets.”
  

Back to Index


Similar News to this Story

Pension transfer petition nears deadline
Pension savers are being urged to act now as the clock ticks on a parliamentary petition designed to stop unnecessary delays when people seek to move
Funding steady as December caps positive 2025 for DB schemes
Fully hedged scheme sees small funding level decrease over December. 50% hedged scheme does not change funding level between month ends. Both schemes
Five key areas of focus for the DC pensions market in 2026
LCP expects 2026 to be a pivotal year for the defined contribution (DC) pensions market, driven by new regulation taking shape, tax reform and evolvin

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.