Pension deficits show improvement

The consultancy firm says the reduction comes largely as a result of an increase in equity markets and rising bond yields leaving the estimated aggregate deficit for the FTSE 100 at £55bn for the July month end. However, Watson Wyatt adds the figure is still down on the £1b recorded at the beginning of the year. Senior consultant at Watson Wyatt, Stephen Yeo says: “Although companies are contributing to their pension schemes at record levels, it is movements in the value of assets and liabilities that dominate the changes in the FRS17 measure of pension deficits.” Yeo says July share...