BusinessCompany NewsDeloitte: Pension deficit at five year low

Deloitte: Pension deficit at five year low

Deficit of the UK's top 100 companies just ?21bn

A
new report
by Deloitte has found that
the total deficit for the final-salary pension plans of the UK’s top 100
companies is at a five-year low of ?21bn.

The new study found that a quarter of the top 100 firms now have a surplus in
their schemes relative to the value of their accounting liabilities, as a
recovery in the stock market and a fall in the price of bonds cut deficits.

‘For the first time since 2001, we are starting to deal with schemes which
have surpluses,’ said David Robbins, a pensions partner at Deloitte.

Further reading:

UK pensions deficit rises by £11bn in a day

Insider Business Club: pensions -beneficial changes

Scramble to boost pension schemes ahead of PPF levy

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