PCS

The narrowing spread between yields on corporate bonds and gilts led to falling discount rates and soaring liabilities last year, JLT Pension Capital Strategies says.

Defined benefit pension schemes wiped £93bn off their combined deficits in the last 12 months but the demise of final salary arrangements will not cease, JLT Pension Capital Strategies say.

UK - Buyout deals totalled £8.1bn ($13bn) last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Buyout deals totalled £8.1bn last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Benign markets and the shift from RPI to CPI reduced defined benefit deficits from £144bn to £64bn over the past year, Pension Capital Strategies research shows.

The majority of defined benefit pension schemes will be shut this year despite combined deficits decreasing by £121bn in the past year, Pension Capital Strategies says.

UK - Pension buyouts are set to break all records next year, after deals for the first three quarters of 2010 exceeded all of 2009, Pension Capital Strategies says.

The top 100 UK firms' defined benefit schemes knocked £42bn off their combined deficit over the last year, Pension Capital Strategies research shows.

The total deficit of FTSE100 pension schemes decreased to £66bn in the third quarter, Pensions Capital Strategies analysis shows.

Public sector workers will budge no further on pension reforms and will fight recommendations in Lord Hutton's review, unions say.