Deficits of defined benefit (DB) pension schemes have worsened year on year as a result of critically low bond yields, according to JLT Employee Benefits' monthly index.
Defined benefit pension liabilities of FTSE 350 firms hit record highs in October as falling bond yields pushed them past £700bn for the first time.
Towers Watson EMEA head of investment Ed Francis talks to PP about active management
The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months.
The aggregate deficit of the Pension Protection Fund 7800 Index shrank from £109.0bn to £118.2bn last month according to figures released by the lifeboat fund.
Average IAS19 discount rates used by FTSE100 companies to calculate pensions deficits have risen for the first time in five years.
Natasha Browne looks at the latest investment figures from the ONS
Helen Morrissey looks at how quantitative easing has affected defined benefit schemes
Natasha Browne asks what the latest inflation report means for pension schemes
The aggregate deficit of schemes in the PPF 7800 rose by £48.9bn in January, to £76.5bn.