Pension schemes suffer most volatile five days on record

The combined deficits for the UK's 200 largest defined benefit schemes amounted to £73bn on Tuesday - showing the adverse effects on final salary pension schemes following a week in which the FTSE100 index fell to its lowest level in six years. The consultant said the combined deficit was lower at £56bn on Wednesday. Aon Consulting head of corporate solutions Marcus Hurd says: "The past week has been the most volatile for final salary pension schemes since accounting standards were changed in June 2001. "Monday posted the biggest single day loss on record, a huge £27bn, which dwarfed th...