DB deficits swell 70% year-on-year

clock •

Private sector defined benefit (DB) schemes have seen their combined deficits rise 70% in the past 12 months, according to research.

The data from JLT Employee Benefits (JLT EB) found deficits were £289bn on an IAS19 basis at the end of January, compared to £170bn at the same time in 2014. A breakdown of the figures also reve...

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

Author spotlight

Natasha Browne

View profile
More from Natasha Browne

Equity market turmoil a wake-up call for schemes mid-valuation

FTSE350 deficits fall 7% despite market volatility

More on Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian
Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Appointment follows detailed due diligence exercise that was managed independently

Professional Pensions
Professional Pensions
clock 30 October 2024 • 1 min read
Mixed industry views on DB run-on, SPP finds
Defined Benefit

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
Jasmine Urquhart
clock 23 October 2024 • 1 min read
One third of DB schemes report rise in running costs
Defined Benefit

One third of DB schemes report rise in running costs

TPT research finds on average DB scheme running costs rose by 37% in the last year

Martin Richmond
Martin Richmond
clock 24 September 2024 • 2 min read
Trustpilot