Blue-chip companies' pension funds have nosedived from a surplus position into a £25bn deficit as a result of the current stock market crisis.
The UK's top 200 companies have taken a battering because 57% of their assets are held in shares.
Bond yields have offset the stock market freefall, and pension fund trustees are shifting more of their assets from equities into the lower risk area.
Actuaries Lane Clark and Peacock calculated that £15bn has been moved from equities to bonds.
Comments