A new report by Deloitte has found that the total deficit for the final-salary pension plans of the UK's top 100 companies is at a five-year low of ₤21bn.
The new study found that a quarter of the top 100 firms now have a surplus in their schemes relative to the value of their accounting liabilities, as a recovery in the stock market and a fall in the price of bonds cut deficits.
‘For the first time since 2001, we are starting to deal with schemes which have surpluses,’ said David Robbins, a pensions partner at Deloitte.
Further reading:
UK pensions deficit rises by £11bn in a day
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