- Pension deficit for largest UK companies up to £45bn at the end of February
- Rising market implied inflation drives £5bn increase in pension liabilities
- Increase in deficit highlights the importance of trustees managing risks appropriately
Notes to Editors
Mercer estimates the aggregate combined funded ratio of plans operated by FTSE350 companies on a monthly basis. This is based on projections of their reported financial statements adjusted from each company’s financial year end in line with financial indices. This includes UK domestic funded and unfunded plans and all non-domestic plans. The estimated aggregate value of pension plan assets of the FTSE350 companies at 31 January 2019 was £765 billion, compared with estimated aggregate liabilities of £806 billion. Allowing for changes in financial markets through to 28 February 2019, changes to the FTSE350 constituents, and newly released financial disclosures, the estimated aggregate assets were £766 billion, compared with the estimated value of the aggregate liabilities of £811 billion.
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