Pension Cost Accounting Index

The Pension Cost Accounting Index shows the financial position of the UK’s 5,422 DB pension funds on an accounting basis.

This gives Finance Directors early warning of changes in financial conditions.

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October 2020 - Commentary

Modest increases to both corporate bond yields and inflation over October mean that pension cost accounting liabilities remained fairly stable. Aggregate assets have decreased slightly over the month, with a fall in the value of growth assets in particular. Overall, we have seen a slight worsening in the balance sheet position of the UK’s DB schemes, although the position for individual schemes may vary significantly depending on liability profile and investment strategy.

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