BusinessCompany NewsStock market malaise leads to £25bn pensions deficit

Stock market malaise leads to £25bn pensions deficit

Market upheaval puts the UK's top 200 companies under the cosh, as pension funds plummet from a net surplus position into deficit

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.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

2w Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

8m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

8m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

11m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

11m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

11m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

12m Emma Smith, Managing Editor