Plans look to lock in gains by shifting to fixed income investments.
Tag: JLT Employee Benefits
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.
The aggregate funded level of the FTSE 100 pension funds climbed to 99% last month.
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Deficits shrink on a monthly and annual basis.
Growth of liabilities outpaced assets, however, deficits are down from a year ago.
Report shows that pension closures continue at the UK’s largest companies.