Pension schemes face 20-year deficit repayments

The global consulting firm said volatile bond yields and weak equity markets have severely affected pension schemes and its calculations reveal it could take two decades to get back on track. It said the combined pension fund deficits on the balance sheets of the UK's top 100 companies are now valued at £45bn, which marks a slight improvement since the end of March. However, the firm said that figure did not tell the whole story because it was based on corporate bond yields which remain high. Towers Perrin principal John-Paul Augeri said for pension trustees who are responsible for th...