UK pension funds worse than US ones - papers 17 August

The Daily Telegraph says the figures suggest just 5% of UK company pension schemes are fully funded, against 20% in the US. This comes despite a doubling of contributions in the UK in the past few years, Aon’s report states. Falling bond yields, greater lifespans, and declining equity returns have contributed to offset these additional contributions. The average pension fund deficit of a US company is about two months of pre-tax profits, compared with about seven months for the average UK company deficit, Aon adds. The consultant estimates that about a quarter of UK companies have pen...