Pension deficits falling - Deloitte

In compiling its latest research, financial services company Deloitte says the total deficit is currently at £100bn, down £30bn from the beginning of the year, while deficits of FTSE 100 pension plans have declined to £52bn, from £65bn during the same period, as a result of an improving return on the stock market. Deloitte predicts companies will increasingly look to scrap the deficit in one full swoop by borrowing cash and putting it into a pension plan. It says firms can gain near-immediate tax relief on pension plan contributions and while paying the deficit off over 15 years or more...