DB pension deficit cut by £100bn

Latest figures from Aon Consulting’s monthly tracker of the UK’s biggest DB schemes - including all of those in the FTSE 100 – shows deficit levels at the end of May, of £4bn, are the lowest since the introduction of Financial Reporting Standard 17 (FRS17) six years ago. In addition, the research reveals the number of DB schemes now in surplus has risen from a third at the end of April, to almost half at the end of May, as increases in equity markets and bond yields have improved deficits by around £100bn since the deficits peaked on 12 March 2003. Following the latest figures, Aon Cons...