UK. Third of pension schemes in surplus but have not agreed long-term targets
According to a new study, 37% of pension schemes are currently enjoying a funding surplus. At the same time, however, a similar number are yet to agree on a long-term target for their funds, suggesting they could be doing more to capitalise on their current momentum.
In recent years challenging market conditions and an ageing population have seen some schemes run increasingly large deficits. However, in 2018, reporting into the segment has found that most pension schemes are relatively well-positioned going forward, with the aggregate deficit for the FTSE 350 having notably fallen from £75 billion to £35 billion by the turn of the year. The sector has enjoyed further improvement in 2018, and currently hovers around the £10 billion mark.
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