Plans look to lock in gains by shifting to fixed income investments.
Tag: FTSE 100
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
But most large companies still allocate far more to shareholder dividends.
Decline comes one month after becoming fully funded for the first time in a decade.
Report estimates that pension plans’ funding status rose to 101% at year-end 2017.
However, figure ‘masks the materially worse funding position likely to be reported.’
Report shows that pension closures continue at the UK’s largest companies.
LCP: Liabilities have risen at a faster pace than assets over the past 10 years.