UK pension deficit falls to £420bn - PwC

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £420 billion at the end of July 2017, a £40 billion decrease since last month.

PwC’s Skyval Index, based on the Skyval platform used by pension funds, provides an aggregate health check of the UK’s c.5,800 DB pension funds.

The current Skyval Index figures are:

Assets

Liability target

Deficit

Deficit change since last month

Funding measure (current)

£1,550bn

£1,970bn

£420bn

£40bn decrease