08 May 2006
Actuarial Consultants, Watson Wyatt, estimate that the aggregate
level of pension deficits for the companies making up the FTSE100
has fallen to £34 billion.
Watson Wyatt has estimated that during April, pension deficits
for the companies making up the FTSE100, fell from £43
billion to £34 billion, as measured by the IAS19 accounting
standard. This is the lowest level of deficit since Watson Wyatt
began to make calculations in June 2002.
Watson Wyatt says that this shows how deficits calculated using
a bond-based measure are very volatile while most scheme continue
to hold a diverse portfolio of investments. Deficits are now about
half the level they were for most of last year, and have reduced by
55% in just over three months.
