Equity market falls of 4pc on Monday increased total UK pension deficits by £13bn, PricewaterhouseCoopers estimates.
The consultant said deficits have tripled from £20bn at the start of the year to £60bn at the end of September 15 on a scheme funding basis, the measure used by trustees to drive their cash funding...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
