The total deficit of private sector UK defined benefit (DB) schemes increased by £100bn last month as rising inflation expectations pushed up liabilities, figures show.
A drop in the FTSE over August has wiped out summer deficit reduction as levels return to those seen in May, research from Mercer shows.
Benchmark ten-year gilt yields hit a fresh two-year high of over 3% after the Bank of England (BoE) opted not to release further ‘forward guidance'.
Natasha Browne looks at gilt market predictions and what they mean for schemes
Natasha Browne asks if the Bank of England's forward guidance can really help the economy
Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.
A rise in equities failed to halt increasing deficits at the UK's biggest companies as corporate bond yields took a negative turn, research from Mercer shows.
Gilt yields buck the trend of previous months and fall during July increasing UK corporate deficits by £50bn, research from Xafinity finds.
Natasha Browne analyses Bank of England governor Mark Carney’s first move and its impact on gilt yields
Gilt yields jump after the latest Monetary Policy Committee (MPC) minutes revealed all members voted against more quantitative easing (QE).