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27/02/2017
Funding deficits in the UK’s largest defined benefit pension schemes rose to £92 billion at the end of April, largely as a result of a continued fall in the yield from corporate bonds. Liabilities increased by £9 billion in April to hit a record month-end high of £747 billion.
According to analysis by Mercer which covers about 50% of all UK pension scheme liabilities, considerable uncertainty continues around a number of ‘political and economic narratives’, including the UK’s referendum on continued EU membership in June 2016.