Daily Management Review

UK Recovers A Part Of Its Pension ‘Fund Deficit’


09/06/2016


Within a month’s period, the pension fund gains “£100bn”.



Digitallook reports that overall the deficit of “pension funds” in the United Kingdom has grown by “£100bn” within a month’s time, whereby totalling to “£710bn”. Moreover, the PricewaterhouseCooper’s research showed that the liability of the UK’s “pension scheme” totals up to “£2,160bn”, while the entire assets in possession amounts to only “£1,450bn”.
 
The decision of Britain to quit the EU has affected the “gilt yields” to lower, while the companies needed to cover up the differences in order to “meet future pension payouts”. Moreover, the Digitallook also informs that:
“Yorkshire-based plastic and LED firm Carclo has had to retract a previously announced dividend payout to its shareholders in October, following the drop in bond yield levels. A statement from the company said that the increase of its pension deficit would ‘extinguish the company's available distributable reserves’”.
 
The ten year gilt’s yield fell “from 1.3%” to “0.61%” before the decisive voting session. While, the pensions’ Global Head of PwC, Raj Mody, added:
“The challenging environment for pension funds is likely to endure for several years, companies and pension fund trustees should ask themselves if gilt yield measurements are still relevant for them when deciding how to measure and finance the deficit”.
 
 
 
 
 
 
 
References:
http://www.digitallook.com/







Science & Technology

Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

Retailers Could Transform The Market Scenario Into Smart Shopping Experience For The Consumers With The Cloud

A Way To Unlock Wannacry Without Ransom Found By French Researchers

China to introduce face recognition payment system

Clues To Ransomware Worm's Lingering Risks Found By Security Experts

Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience

Through XFi Launch, Comcast Moves Closer To Home Connectivity

World Politics

World & Politics

Trump to speak for America's dominance in the energy sector

U.S. Official Says Russians Targeted 21 Election Systems

The Britain’s Prime Minister To Bring Down Corporate Tax To Draw More Investments In The Country

Record 65.6 million people were displaced in 2016

Are millionaires preparing for an apocalypse?

EU says goodbye to mobile roaming charges

Denmark loses interest to electric cars

Global Airlines Conference Agenda To Accord Importance To Fresh Safety Concerns