Pensions - Articles - Fall in UK pension deficit revealed in latest Skyval Index


New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £180bn at the end of July 2018 , down from £200bn 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.5,800 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
 £1,630bn    £1,810bn     £180bn

 Steven Dicker, PwC’s chief actuary, said:“The continued fine weather seems to have cast a positive spell on UK pension funds which have benefitted from steadily increasing asset values in recent months. “However, with continued political uncertainty, it remains to be seen how long the good streak will last.”
  

Back to Index


Similar News to this Story

2025 is a key year for pensions to consider their endgame
Aon has said that 2025 is a key year for UK pension schemes and has formed the UK Endgame Strategy team to help schemes with the decision-making proce
How pension tweak could save employers thousands
National Living Wage increased this month from £11.44 to £12.21 per hour. Employer National Insurance (NI) has also risen and the threshold at which e
2024 pension contributions surge but gender gap widens
New analysis from PensionBee highlights a sharp increase in pension contributions in 2024, despite ongoing pressures on household budgets.

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.