Pensions - Articles - PwC reveal that pension fund deficit falls to £460bn

 PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,800 DB pension funds. The current Skyval Index figures are:

 
  Steven Dicker, PwC’s chief actuary, said: "June saw an almost 10% reduction in the headline funding deficit across schemes. This was largely due to a small increase in long-term real interest rates- ie interest rates relative to inflation - as measured by Government bond yields.

 “This was a bigger move than in some recent months and continues to illustrate the sensitivity of this type of deficit calculation to even modest market movements. With continuing political and economic uncertainty, deficits calculated on this basis are likely to remain volatile."