Schemes end 2018 with sharp drop in funding levels

James Phillips
clock • 1 min read

Defined benefit (DB) schemes saw their aggregated deficit more than double over December, ending 2018 with a funding level of 93.5%, says JLT Employee Benefits.

On an IAS 19 accounting basis, the funding shortfall for all private sector DB schemes was recorded at £107bn, far higher than the £48bn posted at the end of November. The consultancy's figures ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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