Increase in bond yields reduces value of pension scheme liabilities, more than offsetting the fall in pension scheme assets via IrishTimesBiz
Future inflation expectations increased by about 0.5 per cent over 2022, placing upward pressure on pension scheme liabilities, but these increases have generally been surpassed by the reduction in pension scheme liabilities due to the rise in bond yields.
Mercer corporate consulting leader Peter Gray said: “The improvement in pension scheme funding positions will be welcome news for companies, trustees and members alike. The rise in bond yields, triggered by the Central Bank’s efforts to control inflation, has seen a marked improvement in the financial position of DB pension schemes.
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