Pension funds at lowest month-end deficit since 2001

A survey of pension funds has revealed the lowest month-end pension fund deficit since current records began.

May saw total deficits fall to £3bn, with almost half of the largest 200 UK pension funds in surplus.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Instagram

This field is for validation purposes and should be left unchanged.

Δ

UK pension fund deficits have improved by about £100bn in just over four years. The month-end deficit is the lowest since accounting standard FRS17 was introduced in 2001.

Marcus Hurd, senior consultant and actuary at Aon Consulting, said: “The era of the pension scheme accounting surplus has clearly begun.”