Pensions

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FTSE 350 pension scheme deficits increase driven by falling yields and no let-up in inflation

FTSE 350 pension scheme deficits increase driven by falling yields and no let-up in inflation

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes and other post-retirement benefit plans for the UK’s 350 largest listed companies rose by GBP6 billion over the course of October, standing at GBP94 billion at the end of the month, an increase from GBP88 billion at the end of September.