Pension deficits continue to fall
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.