28 October 2009
The pension deficit of Britain's largest 100 companies grew to
£75bn at the end of September as increased pension liabilities
wiped out gains from equity markets.
PricewaterhouseCoopers said company pension liabilities
increased by 25% over the past six months, offsetting the impact of
an equity rally that saw gains of about 20% over the same
period.
The growth in pension liabilities was down to the falling
spreads on AA corporate bond yields - used to estimate liabilities
- as the economy shows signs of stabilising.
