Pensions - Articles - SkyVal Index shows GBP20bn increase in DB pension deficit


New figures released from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £240bn at the end of July 2019 - a £20bn increase 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:

 Assets                  Liability target                 Deficit
 £1,720bn              £1,960bn                        £240bn

 Steven Dicker, PwC’s chief actuary, said: “July saw another drop in bond yields, and the corresponding increase in liabilities has not been offset by the rise in assets. This once again highlights the disconnect between assets and liabilities in the valuation of pension schemes.” 

Back to Index


Similar News to this Story

No retirement plan leaves you four times more stressed
Almost a third of people in the UK admit to having no plan for their finances in retirement (30%). People without plans are four times more likely to
Regulatory risk remains high on the list of schemes concerns
Aon has released the UK results of its ‘Global Pension Risk Survey 2025/26’, which highlights regulatory risk as a continuing concern for defined bene
PPF publishes latest PPF 7800 update for September 2025
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of

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.