Pension Deficit June
Published / Last Updated on 14/07/2010
by Ashley Clark, Director
The Pension Protection Fund (PPF) has released figures that the 6,000 final salary pension schemes in the UK have a pension deficit of 21.8bn in June.
This is a swing of over £30bn, where pension funds overall were in surplus of 11.7bn in May.
We suggest the major contributor is poor investment returns in June, where stockmarkets suffered falls of over 10% with worries in Europe, and both the UK and US confirming reduced economic output figures.
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