Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
Tag: Corporate Pension
Funds were on track to top 90%, but investment slumps brought them in slightly below 2017’s showing.
Volatility in equity markets continues to concern plan sponsors.
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
Wilshire Consulting’s managing director calls the month’s 1.9 percentage point dip the ‘largest pull back’ since June 2016.
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Aggregate deficit falls $12 billion to $108 billion.
The firm says companies will be heavy bond buyers, contributing $60 billion to their pensions due to a tax change.
Funded ratio for S&P 500 defined benefit plans rises to 85.8%.
Aggregate pension debt drops by $9 billion, but combined S&P 1500 debt is still more than $2 trillion.
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Fear of a downturn creates a rise in de-risking.
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
Despite the sharp rise, the aggregate deficit is down 29% from 2017.