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FTSE 350 DB pension deficit increases by £20bn in May


By Duncan Ferris

The accounting deficit of defined benefit (DB) pension schemes for FTSE 350 companies rose from £52bn at the end of April 2020 to £72bn on 29 May, according to Mercer.

Pensions risk survey data from the company showed that the deficit increase was driven by a £36bn jump in liability values, from £897bn to £933bn, amid falls in corporate bond yields


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Fiduciary management: Cashflow-driven investing

Cashflow-driven investing (or CDI) is becoming increasingly topical as pension schemes progress

to their endgame. Not only this, but market events in the first quarter of 2020 have seen credit spreads

widen significantly, which has improved the feasibility of implementing a CDI solution for schemes with funding positions that have weathered the crisis

The changing mirror image of UK pensions

Nick Reeve examines the efforts taken by the pensions industry to represent its increasingly diverse range of savers

A little something extra

Jack Gray investigates which type of saver would be best suited to which saving vehicles, and whether these products should compete with, or complement, a pension

The big outsourcing question

Duncan Ferris looks at scheme administration, examining why some like to keep things in house and others favour calling in a third party

Time for a tune-up?

Laura Blows considers the reasons why a trustee board should conduct a review of its own processes

Deferring responsibility

As the number of deferred pension scheme members grows, Gill Wadsworth explores how they may no longer be poor relations to their active counterparts

The long view

Lynn Strongin Dodds considers how low interest rates and negative cashflows make long-income products appealing to pension funds

Mapping out financial wellbeing

Duncan Ferris speaks to Money and Pensions Service (Maps) head of pension policy and strategy, Carolyn Jones, about the organisation’s new 10-year strategy

(S)pot the difference

Gill Wadsworth examines the many reasons why DC pot sizes may vary wildly, and what can be done to shrink the gap

Talking risk

While those in the industry benefit from an awareness that there are differing member attitudes to financial risk, savers themselves are often unaware of their own attitudes. So how can schemes appropriately communicate financial risk to different segments of their membership?

Less is more

With the ongoing calls for a professional trustee on every pension board persisting, Jack Gray investigates whether this could be unachievable and unnecessary presently, and why

ensuring a better standard of professional trustee may be more desirable than simply one on every board

Time to leave home?

Nick Reeve considers the importance of pension schemes looking beyond the domestic markets when investing

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Re-shaping the future of fiduciary management?
Pensions Age Editor, Laura Blows, speaks to River and Mercantile co-head, Ajeet Manjrekar, about the future of fiduciary management in the UK

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Laura Blows speaks to Ewan McAlpine Senior Client Portfolio Manager, Royal London Asset Management about fixed income markets during coronavirus disruption


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