UK. Pension derisking to continue but may need rethinking

Mercer analysis of FTSE 350 pension funds, shows an aggregate surplus across company accounts of £47bn at the end of December 2023, a fall of £12bn over the month. Most companies report their accounts at the end of December, so although the funding position fell over the month, overall positions in 2023 saw an improvement. Schemes might expect to continue de-risking during 2024, supported by planned incoming regulation. Government’s upcoming consultation on options for DB schemes has the potential to create...