Huge UK pensions deficit in 2008

Thu, 29 Jan 2009

Private sector pension schemes in the UK recorded a huge deficit during 2008, with the global economic strife smashing the value of pension funds .

According to data released by the Office for National Statistics, defined benefit pension schemes showed a deficit of almost 200 billion pounds by December 2008.

Compared to mid-2007, when pension schemes had a surplus of over 130 billion pounds, the situation has clearly become much worse.

The ONS was reported in the news as commenting: "In 2008 falling equity markets and bond yields led to a worsening of the funding position." Some 42 per cent of pension funds are invested in foreign corporate securities.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Pensions Newsletter

Monthly pensions news, provider info & more.

Transferring a pension

Transferring a Pension

Learn more about pension transfers and enquire about transferring your pension.

Pension Transfers
SIPPs

SIPPs

Read up on Self Invested Personal Pensions and take control of your pension fund.

SIPPs information