Despite general fears surrounding the weakening of UK pension schemes, the situation actually improved slightly during the first month of this year. January saw a shrinking of the collective deficit, according to the pension protection fund .
Despite the slightly positive figures, the situation remains far worse than this time last year. The value of pension fund assets has fallen by 4 per cent, following further collapses in share prices .
The PPF were reported as commenting: "Over the past year, the falling equity markets and bond yields have led to an overall worsening of the funding position. Lower bond yields resulted in a 6.5% increase in aggregate liabilities, while weaker equities have reduced assets by 14.5%."
Pension scheme deficits improve
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Pension scheme deficits improve
Mon, 09 Feb 2009
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