Pension deficits have fallen by £40bn since the start of the year and are at
the lowest level for more than five years. The improvement has been fuelled by a
strong UK equity market and falls in the prices of bonds used to measure pension
Most pension schemes invest a significant proportion (60% on average) of
their assets in the stock market. The value of UK shares has increased by 9%
since the start of the year.
have fallen over the same period. Deloitte actuaries estimate that this
alone has wiped around £25bn off the value of pension deficits.