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UK pension deficit increases by 60bn in December, according to PwC Skyval Index figures
PwC Skyval Index
PricewaterhouseCoopers (PwC)
9 Jan 2019 United Kingdom Funding and Minimum Funding Requirement, Scheme Issues & Trends, Surpluses and Deficits
According to the latest PwC Skyval Index, at the end of December 2018 the deficit of UK DB pension funds was 290bn, an increase of 60bn compared with the deficit recorded at the end of the previous month. The increase in the deficit is thought to be a result of the High Court's ruling on GMP equalisation at the end of October, a fall in bond yields and a fall in assets.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2019 or click here (this link will not work in all circumstances). For further information about Perspective click here.

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