Property News · January 5, 2017

Final salary pension deficit of biggest listed firms in UK 'hits £137bn'


Consultancy says combined deficit has trebled from £39bn in previous year despite stock market ending year on highThe combined final salary pension deficit of the UK’s 350 largest listed companies more than trebled to reach £137bn in 2016, despite the stock market ending the year on a high, according to a leading consultancy.The retirement consultancy Mercer said a sharp fall in corporate bond yields and higher inflation expectations had both hit schemes. It found that the combined accounting deficit of FTSE 350 company schemes rose to £137bn on 30 December, even though the FTSE 100 index ended the year at an all-time high that day. At the end of December 2015 the corresponding deficit was £39bn. Continue reading…

Source : theguardian.com
Read more…Final salary pension deficit of biggest listed firms in UK ‘hits £137bn’

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