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JLT's monthly fund index update for the month of December 2018
JLT's monthly fund index update
JLT Employee Benefits (JLT EB)
1 Dec 2018 United Kingdom Funding and Minimum Funding Requirement, Surpluses and Deficits
Key Details:

JLT Employee Benefits (JLT) has updated its monthly index, showing the funding position of all UK private sector defined benefit (DB) pension schemes under the standard accounting measure (IAS19) used in company reports and accounts.

As at 30 November 2018, JLT estimates the total DB pension scheme funding position as follows:

At 30 November 2018
Assets
Liabilities
Surplus / (Deficit)
Funding Level
FTSE 100 Companies
647bn
648bn
(1bn)
100%
FTSE 350 Companies
731bn
737bn
(6bn)
99%
All UK Private Sector Pension Schemes
1,514bn
1,562bn
(48bn)
97%

For comparison, the corresponding figures as at 30 November 2017 are as follows:

At 30 November 2017
Assets
Liabilities
Surplus / (Deficit)
Funding Level
FTSE 100 Companies
674bn
696bn
(22bn)
97%
FTSE 350 Companies
762bn
791bn
(29bn)
96%
All UK Private Sector Pension Schemes
1,541bn
1,639bn
(98bn)
94%
source: JLT Press Release
F3113175F   Click here to contact the authors.