Deloitte: Pension deficit at five year low

Deficit of the UK's top 100 companies just ₤21bn

Written by AccountancyAge.com

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.

Advertisement

‘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

Insider Business Club: pensions -beneficial changes

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Andrew Higginson, Tesco Personal Finance

Profile: Andrew Higginson, CEO of Tesco Personal Finance

He’s spent more than a decade at the top of...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement