On publication of the Department for Work and Pensions' (DWP's) draft regulations in July 2022, many in the industry were alarmed by the prospect of a significant loss of flexibility regarding their funding and investment strategies.
The combined pension deficit of FTSE 350 companies grew by £3bn to £32bn over July, according to Mercer's monthly funding tracker.
The UK's 350 largest listed companies recorded just a £1bn fall in their defined benefit (DB) deficits over the course of October, Mercer's monthly update reveals.
The accounting deficit of FTSE 350 defined benefit (DB) schemes fell by £9bn over July on the back of lower long-term inflation expectations, according to Mercer's latest index.
The aggregate accounting deficit of the FTSE 350's defined benefit (DB) schemes fell by a modest £3bn last month, according to Mercer's latest Pensions Risk Survey.