FTSE 100 Pensions’ Bond Allocation Nearly Doubles in Decade
Plans look to lock in gains by shifting to fixed income investments.
Plans look to lock in gains by shifting to fixed income investments.
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
But most large companies still allocate far more to shareholder dividends.
Decline comes one month after becoming fully funded for the first time in a decade.
The aggregate funded level of the FTSE 100 pension funds climbed to 99% last month.
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Deficits shrink on a monthly and annual basis.
The deficit for UK private sector pensions is down £128 billion from last year.
Report says the wrong automatic enrollment default funds could cost UK retirees hundreds of thousands of pounds.
DB plans show signs of fiscal improvement in September.
Growth of liabilities outpaced assets, however, deficits are down from a year ago.
Report shows that pension closures continue at the UK’s largest companies.