09 July 2009
According to an analysis by Pension Capital Strategies (PCS),
the total pension deficit of FTSE 100 pension schemes was estimated
to be £90bn at the end of June. The total deficit has risen from
£8bn a year ago and from £50bn at the end of April.
PCS Managing Director, Charles Cowling warned that they believe
that within the next two to three years the very large majority of
final salary pension schemes in the private sector will be closed
to all employees.
