Pensions Support Index 2016

Pension schemes no better off than ten years ago - how should they respond to Brexit?

It’s been ten years since we began tracking covenant support for defined benefit pension schemes across the FTSE 350. But despite the billions paid into schemes since 2006, our Pensions Support Index (PSI) shows support to be no better – and nearly twice as many schemes show worryingly low scores.

In this PSI update, read more on:

  • The challenging environment for upcoming scheme valuations
  • Pressure for dividends driving strain on corporate cash
  • Bruised gilt yields – how low can they go?
  • PwC’s Chief Economist, Dr Andrew Sentance, on how volatility and divergence are the ‘new normal’

With the UK now heading for ‘Brexit’ following the EU Referendum, the PSI is essential reading for trustees and companies alike.


Playback of this video is not currently available

“Trustees and companies need to understand how their covenant will be impacted. There will be winners and losers – you will need to know which group you are in and what to do about it."

Jonathon Land, Pensions Credit Advisory Leader


Find out more about our Pensions services

Meet the team

Meet our Pensions team

Jeremy May

Head of Pensions, PwC United Kingdom

Tel: +44 (0)121 232 2165


Jonathon Land

Partner, Pensions Credit Advisory Leader, London, PwC United Kingdom

Tel: +44 (0)20 7212 8629


Andrew Sentance

Senior Economic Adviser, London, PwC United Kingdom

Tel: +44 (0)7920 007 603


Stay Connected: