Report: Mid-Market UK Pensions Review 2017

The last year has been a volatile one for the UK financial markets. This provides new challenges for scheme sponsors and trustees. Conduent's report sets out the key messages and analysis from its review.

Key findings:

• Pensions deficits across the UK have increased by £100 billion over the last year. This is leading to more companies taking action to reduce risk and cash costs.
• In the event of a 'Hard Brexit', total UK pension deficits are expected to increase by £225 billion. However, so far, the financial impact of the European referendum has not been as bad as feared.
• Total annual UK company contributions to defined benefit schemes stand at £40 billion. Despite this, two thirds of schemes are now paying out more than is being paid in.

The mid-market review covers around 1,900 defined benefit pension schemes in the range £10 million to £1 billion in asset size, sponsored by UK companies. The data has been supplied by Pension Funds Online.