FTSE 100 pension deficits cut by £37bn in 2006

Research by consultant and accountant Deloitte reveals the total deficit of final salary pension plans in the FTSE 100 is now £38bn, compared to a total of £75bn at the start of 2006. It claims the reduction is because pension scheme assets have befitted from double-digit investment growth in share prices, as it points out pension schemes tend to invest around 60% of their assets in the stock market, and over the past year UK shares have increased in value by around 17%. However Deloitte also admits an increase in the contributions made by employers into their final salary pension schem...