The FINANCIAL — Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose from £73bn at the end of September 2020 to £75bn on 30 October. Liability values fell from £877bn at 30 September to £871bn at the end of October. Asset values were £796bn (a fall of £5bn compared to £804bn at the end of September). Charles Cowling, Chief Actuary at Mercer, said: “Covid-19 storm clouds are gathering again as markets prepare for a second wave of coronavirus, and the impact wide ranging lockdowns will…
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