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Pension fund deficits falling
PENSION fund deficits in Britain's biggest companies have fallen to their lowest in five years.
A study by the accountants Deloitte found the total deficit in final salary plans of FTSE 100 companies is now 21 billion.
It also estimates that a quarter of those schemes have a surplus, which it attributes to rising share prices and falling bond prices.
David Robbins, a pensions partner at Deloitte, said: "For the first time since 2001, we are starting to deal with schemes which have surpluses."
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Monday 28 May 2012
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