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Schemes urged not to overreact as DB deficit rises £120bn in Q1 2020


By Sophie Smith

The deficit of UK defined benefit (DB) pension schemes has increased by over £100bn since the start of the year, rising to £290bn at the end of March, according to the latest PwC Skyval Index.

The index noted however, that whilst this was a “significant increase” from the £170bn recorded at the start of the year, it had still not reached levels seen in late summer of 2019, having reached £340bn at the end of August 2019


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