Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.
Aggregate deficits rose to £935bn on Monday, moving past the record £909bn reached on 11 February, according to Hymans Robertson figures. Although some rating agencies had downgraded their view ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
