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.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016