Aon Hewitt Facts & Figures Risk. Reinsurance. Human Resources. Empower Results
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Financial Markets FTSE(TM) UK Index Series j Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 FTSE(TM) Actuaries All-Share Index 3663.58 3760.06 3797.12 3570.58 3652.79 3434.66 3335.92 3484.60 3492.13 3444.26 3335.90 3345.84 FTSE(TM) Actuaries All-Share Total Return Index 5703.37 5876.26 5955.71 5613.54 5748.07 5442.06 5293.33 5541.71 5573.15 5502.42 5332.89 5375.62 FTSE(TM) 100 Index 6773.04 6960.63 6984.43 6520.98 6696.28 6247.94 6061.61 6361.09 6356.09 6242.32 6083.79 6097.09 FTSE(TM) 100 Total Return Index 5166.30 5329.14 5367.57 5023.82 5162.51 4854.74 4715.95 4959.95 4976.07 4890.97 4769.44 4808.71 FTSE(TM) World Index Series j Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 FTSE(TM) All World Ex UK Index 284.91 282.00 283.01 267.90 271.77 256.69 250.85 265.19 269.73 270.75 264.12 266.50 FTSE(TM) All World Ex UK Total Return Index 396.87 393.66 396.44 376.13 382.08 361.60 354.21 374.84 381.99 384.08 375.04 379.28 FTSE(TM) World Ex UK Index 500.31 493.48 495.76 469.88 478.83 452.99 442.36 467.88 476.52 477.99 467.05 471.61 FTSE(TM) World Ex UK Total Return Index 910.95 900.48 907.86 862.02 879.49 833.73 816.10 864.07 881.78 886.05 866.61 877.14 Source: FTSE(TM). 3
Financial Markets Currencies j Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 1 Sterling = US $ 1.485 1.537 1.526 1.573 1.561 1.535 1.515 1.544 1.505 1.482 1.419 1.393 1 Sterling = Japanese Yen 178.03 183.90 189.36 192.44 193.34 186.38 181.41 186.37 185.57 177.30 171.73 157.30 1 Euro = Sterling k 0.727 0.727 0.719 0.711 0.704 0.728 0.739 0.718 0.705 0.734 0.764 0.786 Bank of England Effective Sterling Index l 89.97 90.68 91.40 93.42 93.62 92.00 91.05 93.22 93.45 90.69 87.58 85.41 Bank of England Bank Rate n Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 (%) 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Returns Over 12 Months jm Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Cash Deposits (%) 0.55 0.55 0.56 0.56 0.56 0.57 0.56 0.56 0.57 0.57 0.57 0.58 Long Gilts (%) 26.96 20.63 19.48 16.25 17.28 10.41 14.04 9.74 5.57 0.09-2.46 7.32 Index-linked Gilts (%) 18.55 16.68 15.69 14.20 16.14 9.63 10.52 7.65 3.56-0.97-0.58 4.58 UK Equities (%) 6.57 7.48 7.47 2.60 5.38-2.34-2.30 2.99 0.64 0.98-4.63-7.32 Sources: FTSE(TM), Bank of England, European Central Bank, Mellon Analytical Solutions, WM/Reuters, Aon 4
Financial Markets FTSE(TM) Gilt Index Series j Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Fixed Interest Gilts Over 15 year Index 311.70 299.98 299.04 289.42 297.40 296.95 302.22 295.87 298.29 292.37 309.20 313.32 Fixed Interest Gilts Over 15 year Total Return Index 4415.40 4249.35 4274.34 4136.93 4267.00 4274.14 4349.93 4258.53 4330.70 4244.68 4507.65 4582.98 Index-linked Gilts Over 5 year Index 583.84 578.45 579.57 563.38 580.54 576.69 575.25 569.19 574.88 555.35 584.84 584.39 Index-linked Gilts Over 5 year Total Return Index 4285.14 4248.00 4263.09 4144.01 4275.81 4247.41 4239.12 4194.45 4243.11 4098.99 4322.09 4318.77 Yields and Interest Rates j Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 UK Gilts 5 Year (%) # 1.05 1.27 1.23 1.42 1.35 1.29 1.11 1.23 1.16 1.30 0.89 0.63 UK Gilts 10 Year (%) # 1.65 1.92 1.90 2.13 2.00 1.96 1.79 1.93 1.87 2.00 1.63 1.40 UK Gilts 15 Year (%) # 2.01 2.27 2.26 2.49 2.34 2.33 2.20 2.34 2.29 2.41 2.07 1.93 UK Gilts 20 Year (%) # 2.20 2.44 2.43 2.65 2.49 2.49 2.39 2.53 2.47 2.59 2.27 2.18 Index-linked Over 5 Years 0% Inflation (%) # -0.89-0.85-0.85-0.73-0.86-0.84-0.81-0.78-0.83-0.68-0.89-0.92 Index-linked Over 5 Years 5% Inflation (%) # -0.93-0.88-0.88-0.76-0.89-0.87-0.84-0.81-0.86-0.71-0.92-0.95 FTSE(TM) Actuaries All-Share Actual Yield (%) 3.33 3.23 3.25 3.46 3.39 3.60 3.71 3.58 3.63 3.70 3.83 3.90 # FTSE(TM) British Government Stocks Yield Indices Source: FTSE(TM) 5
Financial Markets Non-gilt iboxx AA Yieldsj Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 1-3 Years (%) 0.9643 1.0792 1.0610 1.1798 1.1969 1.2108 1.2043 1.2674 1.1872 1.2317 1.1054 1.1019 3-5 Years (%) 1.4488 1.6094 1.6144 1.7975 1.7803 1.7617 1.6916 1.7811 1.6885 1.8922 1.7244 1.6131 5-7 Years (%) 1.8038 2.0467 2.0328 2.3162 2.2697 2.4478 2.3484 2.4608 2.3024 2.4679 2.3729 2.3635 7-10 Years (%) 2.2882 2.5327 2.4970 2.7864 2.6787 2.7188 2.6182 2.7521 2.6871 2.8220 2.5193 2.2417 10-15 Years (%) 2.6128 2.8707 2.8990 3.1772 3.0659 3.1338 3.0373 3.1934 3.1097 3.2558 2.9367 2.8546 Over 10 Years (%) 2.8954 3.1341 3.1358 3.4278 3.2815 3.3796 3.3270 3.4411 3.3221 3.4730 3.2401 3.2412 Over 15 Years (%) 2.9590 3.1938 3.1881 3.4862 3.3282 3.4367 3.3975 3.5049 3.3742 3.5249 3.3261 3.3522 All Coupons (%) 2.6456 2.8647 2.8503 3.1063 2.9892 3.0781 3.0220 3.1333 3.0317 3.1934 2.9591 2.9224 Corporate iboxx AA Yieldsj Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 1-3 Years (%) 1.1626 1.2945 1.2720 1.5013 1.5551 1.6416 1.6164 1.6492 1.4875 1.5203 1.4315 1.5092 3-5 Years (%) 1.5643 1.7480 1.7211 2.0170 1.9760 2.0758 2.0342 2.0895 1.9041 2.0720 1.8972 1.8878 5-7 Years (%) 1.9592 2.1917 2.1671 2.5064 2.4410 2.5673 2.4790 2.5849 2.3755 2.5387 2.4592 2.5182 7-10 Years (%) 2.2390 2.4610 2.4431 2.7775 2.6585 2.7404 2.6587 2.7354 2.5476 2.6911 2.4585 2.2377 10-15 Years (%) 2.8665 3.0665 3.0938 3.4188 3.2902 3.3793 3.2969 3.3563 3.2803 3.3187 3.1719 3.2091 Over 10 Years (%) 3.0728 3.2891 3.2974 3.6482 3.4562 3.6018 3.5753 3.6421 3.4807 3.6337 3.4929 3.5757 Over 15 Years (%) 3.1042 3.3235 3.3286 3.6844 3.4810 3.6425 3.6265 3.6949 3.5159 3.6810 3.5508 3.6427 All Coupons (%) 2.8033 3.0064 3.0106 3.3428 3.1878 3.3358 3.2970 3.3649 3.2030 3.3473 3.1758 3.2221 Source: iboxx 6
Earnings and Inflation Average Weekly Earnings Index o Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Not seasonally adjusted, including bonuses and arrears 158.7 170.7 154.4 153.0 154.0 153.3 151.5 150.8 150.8 150.4 - - Average Weekly Earnings Annual Increase o Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Not seasonally adjusted, including bonuses and arrears 0.5 4.4 2.8 2.8 2.1 3.6 3.2 2.0 1.9 2.1 - - Price Inflation Indices Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 RPI p 256.7 257.1 258.0 258.5 258.9 258.6 259.8 259.6 259.5 259.8 260.6 258.8 RPIX q 256.2 256.6 257.5 258.1 258.5 258.2 259.5 259.3 259.2 259.4 260.3 258.4 CPI r 127.4 127.6 128.0 128.2 128.2 128.0 128.4 128.2 128.4 128.3 128.5 127.4 Price Inflation Annual Increase Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 RPI (%) p 1.0 0.9 0.9 1.0 1.0 1.0 1.1 0.8 0.7 1.1 1.2 1.3 RPIX (%) q 1.0 0.9 0.9 1.1 1.1 1.1 1.2 0.9 0.8 1.1 1.3 1.4 CPI (%) r 0.0 0.0-0.1 0.1 0.0 0.1 0.0-0.1-0.1 0.1 0.2 0.3 Source: Office for National Statistics Note: In March 2010, the Office for National Statistics introduced the Average Weekly Earnings (AWE) as a replacement measure for the Average Earnings Index (AEI). From March 2010, the AWE data set is published based on the 2007 Standard Industrial Classification (SIC 2007). All historic values have been re-set. 7
Miscellaneous Aon Pension Risk Tracker j FTSE(TM)100 Companies Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Accounting Assets ( bn) 552.6 552.2 556.8 533.3 546.1 531.1 527.6 535.2 540.4 532.0 536.1 540.0 Accounting Liabilities ( bn) 649.3 639.4 640.2 614.1 631.7 617.6 611.2 609.5 625.4 605.3 620.2 612.6 Wind-up Assets ( bn) 550.3 550.0 554.5 531.0 543.8 528.9 525.3 532.9 538.1 529.7 533.8 537.7 Wind-up Liabilities ( bn) 851.5 836.3 838.4 819.1 844.0 848.1 853.0 842.9 850.0 828.5 877.2 892.9 FTSE(TM)250 Companies Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Feb 2016 Accounting Assets ( bn) 72.3 72.5 73.1 69.8 71.5 69.3 68.6 69.9 70.5 69.4 69.6 70.3 Accounting Liabilities ( bn) 86.3 85.0 85.1 81.6 83.9 82.0 81.1 80.8 82.9 80.2 82.1 81.1 Wind-up Assets ( bn) 72.1 72.3 72.9 69.6 71.3 69.1 68.4 69.7 70.3 69.2 69.4 70.0 Wind-up Liabilities ( bn) 110.8 108.8 109 106.4 109.6 110.1 110.6 109.3 110.1 107.3 113.5 115.5 Source: Aon s Pension Protection Fund 7800 Index* j Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Nov 2015 Dec 2015 Jan 2016 Aggregate Assets ( bn) 1263.4 1298.3 1258.7 1266.3 1232.0 1250.6 1229.0 1226.6 1242.3 1253.8 1247.5 1258.7 Aggregate Liabilities ( bn) 1512.1 1542.5 1489.6 1495.4 1441.6 1487.1 1489.6 1513.9 1486.7 1503.2 1469.8 1563.6 Aggregate Balance ( bn) -248.7-244.2-230.8-229.1-209.6-236.5-260.6-287.3-244.4-249.4-222.4-304.9 Source: Pension Protection Fund u Please note: data has been revised since last issue of Facts & Figures. 8
Contact Us If you have any questions or comments about this publication, please e-mail facts.figures@aonhewitt.com Notes j The figures shown are for the close of business on the last working day of the month, or the last day for which data was available k The Euro to Sterling exchange rate is available free of charge from www.ecb.int l The Effective Index, which measures Sterling against currencies of developed countries m The returns that single lump sum investments of each type would have produced over the previous 12 months, assuming all income is re-invested. For the returns on cash deposits, the Interbank rate is used up to July 2014, with LIBOR being used thereafter n The rate as set by The Bank of England s Monetary Policy Committee, which meets during the first half of each month o The Average Weekly Earnings (AWE) measure, covering the whole economy in Great Britain. Note that in October and November 2015 the Office for National Statistics (ONS) made a small revision to some of the historical Average Weekly Earnings figures. The revised figures have been reflected in the Facts & Figures monthly update publications from November 2015 onwards. p The Retail Prices Index, all items (RPI) (i.e. the headline rate) q The Retail Prices Index, all items excluding mortgages (RPIX) (i.e. the underlying rate) r The Consumer Prices Index (CPI), previously called the Harmonised Index of Consumer Prices s Full data and charts can be found at www.aon.com/pensionrisktracker u A full explanation of this index can be found at www.pensionprotectionfund.org.uk/ www.aon.com @aonhewittuk 2016 Aon 9 SB4577