Mercer: FTSE 350 deficit surged by over a quarter in 2018 with 'anticipated' GMP costs

Kim Kaveh
clock • 1 min read

The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.

The consultancy's 2018 Pension Risk Survey, published today (7 January), stated that this was driven by a £19bn fall in asset values from £766bn at the end of 2017 to £747bn at the end of last year...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Access LGPS pool reappoints Waystone as operator

Tender Watch: Access LGPS pool reappoints Waystone as operator

£52bn LGPS pool reappoints Waystone as operator

Professional Pensions
clock 26 March 2025 • 1 min read
DB surplus extraction is an appealing concept to most, PLSA survey finds

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
clock 20 March 2025 • 2 min read
Mortality rates return to similar levels to pre-pandemic, analysis shows

Mortality rates return to similar levels to pre-pandemic, analysis shows

Aon has analysed mortality trends over the last five years, with 2024 reaching similar levels to 2019

Jasmine Urquhart
clock 20 March 2025 • 2 min read
Trustpilot