Targeted Review of Defined Benefit Pensions and Financial Resilience

The targeted review will consider: • How do pension scheme deficits as calculated under International Financial Reporting Standards (IFRS) compare to actuarial deficits calculated under a triennial actuarial valuation in absolute terms and variability? • Have companies used customer funding to the extent provided for at PR09 (and reaffirmed at PR14) to meet deficit repair costs since 2010? • What range of actions have companies taken to manage their exposures to pension liabilities, how effective have these m...