BusinessCompany NewsFTSE 100 pension deficits wiped out

FTSE 100 pension deficits wiped out

Analysis from Deloitte shows that FTSE 100 pension schemes are now in surplus

The pension schemes of the FTSE
100
now have an aggregate surplus relative to the accounting value
of their liabilities, according to actuaries from
Deloitte
.

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
scheme liabilities.

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.

Bond prices
have fallen over the same period. Deloitte actuaries estimate that this
alone has wiped around £25bn off the value of pension deficits.

Further reading:

China turmoil fuels pensions volatility

UK pensions deficit rises by £11bn in a day

ASB vote will cause shake-up for pensions

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