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Corporate Solutions News

  • Pension schemes – four month liability stability

    June 2012     The UK’s Defined Benefit pension scheme liabilities have witnessed four months of stability according to Xafinity’s Corporate Pensions Scheme model. Whilst this is in part good news, the deficit has stuck at in excess of ½ trillion, in effect, corporate holding 68p for every £1 promised, according to FRS17 and IAS19 accounting rules. Download

  • Double whammy hits pension scheme deficits

    May 2012     Falling equity values and falling bond yields have provided a double whammy to pension scheme sponsors who are likely to have seen their deficits increase again this month. Equity markets lost almost 10% of their value while corporate bond yields fell around 0.25%, further increasing liabilities. Download

  • Pension scheme liabilities remain stable

    April 2012     The UK’s Defined Benefit pension scheme liabilities remained unchanged in March, according to the latest figures from Xafinity, as equity markets and bond yields show little change since the end of February. Pension deficits increased by £24 billion as the value of scheme assets decreased slightly. Download

  • Companies being forced to review pension liability management plans

    Xafinity is warning that current market conditions could mean many companies are being forced to put pension liability management plans on hold.  The current level of government bond yields, driven down by the latest wave of quantitative easing, make both offers to members and the purchase of matching assets increasingly unattractive. Download

  • UK pension deficits jump £91billion

    The UK’s Defined Benefit pension schemes liabilities jumped £133 billion in February from £1,435bn to £1,568bn according to the latest figures from Xafinity. Most of the increase was attributable to a fall in corporate bond yields, but, critically, the figures also reflect the impact of the quantitative easing programme and a perception of continued long term, low level price inflation. Download

  • Pensions deficits - deal breaker or deal maker?

    Investment Managers and M&A professionals are invited to a free breakfast seminar on 22 March, to discuss the financial risks, posed by pensions’ deficits, that sponsoring employers face when considering corporate restructures, mergers or acquisitions. Download

  • Benign markets stabilise pension deficits

    The UK’s Defined Benefit pension schemes benefit from stability in corporate bond yields and inflation, giving rise to a small fall in deficits, says Xafinity. The £10bn fall is based on FRS17 and IAS19 accounting rules, as tracked by actuaries using the Xafinity Corporate Pension Scheme model. Download

  • UK Pension Deficits end 2011 £50 billion up

    The UK’s Defined Benefit pension schemes have ended the year £50 billion up on 2010, based on FRS17 and IAS19 accounting rules, as tracked by actuaries using the Xafinity Corporate Pension Scheme model. Download

  • Xafinity: UK Corporate Pension Deficits – a review of 2011

    Based on assumptions as at the end of November 2011, the Xafinity Corporate UK Pension Scheme model shows that corporate deficits have now driven through £400 bn to reach an eight month high. While the outlook for price inflation remains suppressed, corporate bond yields have started to slide and this will be harming corporate balance sheets. Download

  • Fears over underpriced inflation as UK corporate pension deficits teeter

    Based on assumptions as at the end of October 2011, the Xafinity Corporate UK PensionScheme model shows that the aggregate deficit has increased to £327 billion. Rising stockmarket values have propelled aggregate asset values back above the £1 trillion mark, butfalling corporate bond yields have wiped out any gains on corporate balance sheets. Download

  • Xafinity: UK Corporate Pension Deficits Plummet

    Based on assumptions as at the end of September 2011, the Xafinity Corporate UK Pension Scheme model shows that the aggregate deficit has reached a record low over the year, now only standing a shade above £300 billion.  Total liabilities across occupational pension schemes have now fallen below £1.3 trillion, following further falls in the outlook for price inflation. Download

  • UK Corporate Pension Deficits Beat the Stock Market Woes

    Based on assumptions as at the end of August 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities have eased back slightly to £1.3 trillion. The outlook for price inflation has again saved the day during a turbulent period in equity markets, with the aggregate deficit ending over £200 billion lower than one year ago. Download

  • Xafinity: UK Corporate Pension Deficits Prowl Around £370 Billion

    Based on assumptions as at the end of July 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities remain at £1.4 trillion. In an almost exact reversal of the previous month’s fortunes, the outlook for price inflation has eased back and corporate bond yields have tightened up again. Download

  • Xafinity: UK Corporate Pension Deficits Hold Firm Thanks to De-risking

    Based on assumptions as at the end of June 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities are holding firm at £1.4 trillion. While the outlook for price inflation is once again picking up, rising corporate bond yields have come to the rescue of company balance sheets. Download

  • Xafinity: UK Corporate Pension Deficits Threat to Acquisitions

    Based on assumptions as at the end of May 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities are sitting at £1.4 trillion.  Despite a moderate fall back in equity values during May, the aggregate deficit across UK corporate pension schemes has fallen back a shade to £380 billion.  This comes off the back of some easing of fears over longer term price inflation. Download

  • Xafinity: UK Corporate Pension Deficits Reach New Depths

    Based on assumptions as at 30 April 2011, the Xafinity Corporate UK Pension Scheme Model shows that liabilities have now climbed to £1.5 trillion. Higher asset values have tempered the increase a little, but the aggregate deficit has now reached £430 billion. Download

  • Xafinity: UK Corporate Pension Deficits in the Doldrums

    Based on assumptions as at 31 March 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities have held fast at £1.4 trillion. Download

  • Xafinity: UK Corporate Pension Deficits Hold Form

    Based on assumptions as at 28 February 2011, the Xafinity Corporate UK Pension Scheme model shows that liabilities in December 2011 will reach £1,383 bn.  Download

  • Xafinity: UK Corporate Pension Deficits Continue to Grow

    Based on assumptions as at 31 December 2010, the Xafinity Corporate UK Pension Scheme model shows that liabilities had again climbed; now reaching £1,334 bn. Download

  • Xafinity comments on the UK Corporate Pensions deficit position following PPF announcement

    Xafinity corporate solutions director, Robert Hunt, responded to the PPF statement issued earlier this week that announced UK pension schemes had achieved a £300m surplus for the first time since June 08. Download

  • Xafinity: Monthly deficit update for UK Corporate Pensions moves downward in February

    Based on assumptions as at 31 December 2009, the Xafinity Corporate UK Pension Scheme model predicted a deficit at the end of 2010 of around £335 billion.  Although this deficit increased by the end of January to around £428 billion due to a decrease in bond yields and a fall in the equity markets, the position had reversed by the end of February with a predicted year end deficit of around £341 billion. Download

  • Xafinity: The outlook for DB schemes in 2010

    £500 bn pensions deficit predicted for end 2010.Following The Pension Regulator’s publication of the fifth edition Purple Book on 19 January, Xafinity Consulting has updated and released the 2010 version of the Corporate UK Pension Scheme; a model on their website that covers over 99%  of the UK's PPF-eligible DB schemes and some 12.4 million members, thus providing the most comprehensive and accurate appraisal of pension scheme funding in the UK. Download

  • UK pension liabilities £1,204bn by end 2009, reports Xafinity

    Whilst Finance Directors and Trustees will be taking comfort from the visible and substantive improvements in global equity markets, they are likely to be dismayed by the less visible but even more substantive rise that may have occurred to their liabilities reports Xafinity Consulting.  Download

  • Xafinity Breakfast Seminar: Regaining Control of Pensions

    Xafinity Corporate Solutions is hosting a breakfast seminar for Finance Directors and other finance professionals at The Gherkin on Wednesday, 11 November 2009 at 8.30am where guest speakers include leading financial and business journalist, Anthony Hilton, from the Evening Standard.  Download

  • UK Corporate Pensions Scheme: £689 billion pensions black-hole by the end of year

    UK companies providing defined benefit (DB) pensions could face a twelve-fold increase in pension deficit by the end of 2009, taking the total to a staggering £689 bn**, warns Xafinity Corporate Solutions.  Download

  • UK Corporate Pensions Scheme Model – Q & A

    Xafinity Corporate Solutions: UK Corporate Pensions Scheme Model – Q & A Download

Contact

Robert Hunt

Corporate Solutions Director

Predict the future of UK Corporate Pensions Scheme

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