By
Jason Simpson
04-07-2019
The Struggle To Overcome Pension Deficits (3 min read)
Pity those poor pension fund trustees. This past week has seen the 10y gilt yield drop to around the 70bp level, its lowest since the end of Q3, 2016. Falling yields, the discount rate for a defined benefit pension fund’s liabilities, typically drives an expansion in the deficit. Some relief may come from the equity rally, but this most recent shift lower in yields must have left UK pension trustees feeling much like Sisyphus who,…
ALREADY A MEMBER? LOGIN
To read this Exclusive, please become a member
- • to gain access to our Premium Content (Hive Exclusive & Deep Dives)
- • to receive weekly newsletters for both Premium Content and Curated Content (Bilal's Top Picks & Podcast Playlists)
To receive weekly insights and a filtered lens on macroeconomic and financial market analysis
