Blue-chips de-risk pension liabilities

PCS research finds companies moving into bonds as they look to match assets to liabilities

FTSE 100 companies are de-risking their pension liabilities through increased buyout activity and revised investment strategies, conducting the largest shift in two decades. Pension Capital Strategies (PCS)'s quarterly report reveals the deficit of top blue-chip companies is estimated at around £8bn, down from £12bn a year ago. It also estimates that the total buyout solvency deficit in FTSE 100 pension schemes has improved to £110bn, down from £200bn this time last year, is due to insurance companies becoming increasingly competitive. The report, produced in association with Numis Se...