05 February 2010
Xafinity has warned that the pension deficit for UK defined
benefit schemes could exceed £500bn in 2010. Using figures
published in the Pensions Regulator's Purple Book last month,
Xafinity calculates a funding deficit of £300bn at the end of
2010, around five times larger than at the same time last year. The
deficit could reach £500bn if bond yields continue to fall
even if equity markets remain at their current level.
