New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds rose by £40bn to £450bn at the end of November 2017.
PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,800 DB pension funds. The current Skyval Index figures, based on the 'gilts plus' method widely used by scheme actuaries, are:
Steven Dicker, PwC’s chief actuary, said:
Notes to editors
Notes on deficit measures:
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The Skyval suite of modules includes Skyval Dashboard, Skyval Monitor, Skyval Choice, Skyval Optimiser, Skyval Accounting and Skyval Insure. Skyval helps pension schemes reduce costs, manage risks and make better decisions faster. Visit www.skyval.com, follow @SkyvalOnline or connect on LinkedIn.
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