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Boost as pension shortfall narrows
THE funding position of defined benefit pension schemes improved during September on the back of strong stock market gains, new figures have revealed.
The deficit faced by the UK's nearly 7,400 defined benefit schemes, including final salary pensions, fell to 148.9 billion during the month, down from 173.2bn at the end of August, according to the Pension Protection Fund (PPF).
Despite the improvement, the shortfall was still nearly three times as big as it had been in September last year.
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Weather for Edinburgh
Saturday 26 May 2012
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Temperature: 9 C to 20 C
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