DB deficit drops by £20bn over September

Latest News

DB deficit drops by £20bn over September – PwC

By Natalie Tuck

03/10/2018

The combined defined benefit pension deficit dropped by £20bn over September 2018, new figures have revealed.

Data from PwC’s Skyval Index show that the deficit dropped down to £150bn in September from £170bn at the end of August 2018.

At the end of September, assets stood at £1,620bn with liabilities of £1,770bn.

Commenting, PwC chief actuary Steven Dicker said: “September has seen another decrease in the deficit for UK pension schemes, the change this month being predominantly due to increases in gilt yields impacting liabilities more than assets.”

PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,600 corporate DB pension funds.

The UK housing market in 2024

The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending

MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder

MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.