Tag Archives: FABI

Has it really come up roses for UK’s private sector DB schemes?

The rosier funding position for UK private sector DB schemes marks a massive shift from 2019, when there were 3,089 schemes in deficit and 2,361 schemes in surplus, according to the PPF index. — Josephine Cumbo (@JosephineCumbo) May 9, 2023 … Continue reading

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Is the tide turning in favour of pensions?

As we reach the last few weeks of the year, I’ve been looking at the stories that are dominating the pension landscape and increasingly they are positive. Despite UK and global equity markets being down on the year, pensions are … Continue reading

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Reach out and touch – success is a state of mind!

  Yesterday the FT published an article with a headline many predicted we’d never read again. “FTSE 100-backed pension schemes move from shortfall to surplus” About the time the article was published I received a mail from someone who turned … Continue reading

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FABI surplus continues to soar, as USS accounting deficit falls dramatically.

Much like daily temperatures , First Actuarial’s Best estimate (FAB) Index soared through  June , and the heat is on for those who’ve weaponised accounting deficits. The Universities Superannuation Scheme (USS) has announced a dramatic fall in 2018. The FAB Index – which provides … Continue reading

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Pension Deficits (and Surpluses) – where do you stand on #FABI ?

Rather than kick off with  the FAB index this month, I thought to promote the response it’s publication this morning has received. On the one hand there is Paul Lewis, who (for me) stands  for common sense and the ordinary person. … Continue reading

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With “good risk” , we can push the sky away.

    This from City AM’s Josh Mines The pension deficit of the UK’s 350 largest companies tumbled by a huge £16bn over the course of May, figures out today have shown. In just one month, the FTSE 350 pension … Continue reading

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Pension schemes hold record surplus

  First Actuarial reveals a record surplus in its First Actuarial Best estimate (FAB) Index. The FAB Index – which provides the aggregate position of the UK’s 6,000 defined benefit (DB) pension schemes calculated using the best estimate expected return … Continue reading

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Are you feeling DC sick?

Joy for DB is pain for DC!   I am sure I am painting too simple a picture and that I’ll be whacked over the head by my learned colleagues, but the general jubilation breaking out over UK pension scheme … Continue reading

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Catch a falling knife?

For the first time since we had pension freedoms , we have a market that appears out of control. As I write, the London Stock Exchange is preparing to open, with the FTSE lagging the S&P by 2.5%. We are … Continue reading

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As Carillion goes bust, First Actuarial shows PPF can take the strain.

Carillion’s dramatic and sudden insolvency is likely to push its 13 defined benefit (DB) schemes, and their 28,000 members, into the Pension Protection Fund (PPF). However, as reports emerge of a combined section 179 (s179) shortfall of as much as … Continue reading

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