FRS17 hides pension deficit volatility

In its latest monthly tracker of the top 200 defined benefit (DB) pension scheme deficits Aon says after three years of relative stability, the last 12 months has seen significant levels of volatility. In particular it claims the global market fall - which originated in China in February – resulted in the highest single-day increase in deficits of £11bn. But despite this Aon points out the last year has seen pension deficits improve by 45% to £26bn, and it says the most recent £22bn improvement in scheme deficits – to March 2007 - follows a similar improvement in the previous year to Mar...