Volatility hits pensions deficits
Tuesday 03 May 2011
The final salary pensions accounting deficit of the UK's FTSE 350 companies stood at £41bn at the end of April, according to the Aon Hewitt 350 index. Measured on an accounting basis, UK schemes have moved much closer to fully-funded status compared with April 2010, when the collective deficit stood at £66bn.
However many pension schemes are failing to adjust their risk management strategies to cope with market volatility, resulting in significant swings in deficits. "Successfully managing market volatility is a critical factor for pension schemes as they seek to de-risk their assets relative to liabilities," said Marcus Hurd, of Aon Hewitt.
Look beyond the usual shows for the best festive telly
The battle for control of Stieg Larsson's £30m legacy
Geoffrey Macnab does not like the comedian's big screen debut
- 1 Sun will 'flip upside down' within weeks, says Nasa
- 2 Christmas comes early: Justin Bieber is 'retiring from music'
- 3 Iain Duncan Smith leaves Commons food banks debate early
- 4 Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
- 5 Burglar steals video tapes of child abuse, hands them into police
- < Previous
- Next >
iJobs Money & Business
£Negotiable: Citifocus: High calibre individual with institutional client serv...
£120000 - £150000 per annum: Cornwallis Elt : Programme Manager, Strategy Lead...
£55000 - £120000 per annum: Pro-Recruitment Group: The Financial Services Tran...
£600 - £700 per day: Harrington Starr: Client based in West London is looking ...