Equity markets shrink pension deficits
FTSE100 pension deficits reduced by almost £12bn last month
FTSE100 pension deficits reduced by almost £12bn last month
Increased contributions, rising equity markets and bond yields have helped
shrink FTSE100 pension deficits by almost £12bn last month, new research shows.
The reduction marks the largest single month fall in deficits since October
2003, according to actuaries Watson Wyatt. But it still leaves the aggregate
pension shortfall for FTSE100 companies at £55bn at the end of July 2005.
Stephen Yeo, a senior consultant at Watson Wyatt, said: ‘Although companies
are contributing to their pension schemes at record levels, it is movement in
the value of assets and liabilities that dominate the changes in the FRS17
measure of pension deficits.’
Official figures from the Office for National Statistics show that pension
contributions reached a record £22.5bn in 2004.
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article