UK pension deficits near £300bn
UK private sector pension deficits are close to breaking the £300bn barrier.
JLT Employee Benefits’s monthly index valued total UK deficits at minus £294bn.
For FTSE 100 companies, the figure was minus £84bn, based on liabilities of £638bn.
The total deficit for FTSE 350 companies was minus £108bn.
Charles Cowling, director at JLT Employee Benefits, blamed “stubbornly low interest rates”.