Market slump adds £11bn to DB deficits

The consulting firm notes pension deficits among the 200 largest defined benefit (DB) schemes saw the biggest single-day rise on Tuesday since Financial Reporting Standard 17 (FRS17) was introduced in June 2001 - requiring companies to include details of pension liabilities on their balance sheets. However, while Aon says the fall of 1.43% on 27th February saw the combined deficit for the 200 largest UK DB schemes rise to £45bn - and FTSE 100 deficits increasing to £35bn - these deficit levels are still only half the £58bn they were in February 2006. The analysis, which follows research c...