Financial Times FT.com

Pension deficits soar

By John O’Doherty

Published: November 1 2009 23:06 | Last updated: November 1 2009 23:06

A return to relative calm in financial markets has turned out to be bad news for UK pension fund deficits, as the negative effect of falling bond yields more than outweighed the benefits of the recent surge in equities.

Pension funds of FTSE 100 and FTSE 350 companies have swung into deficit over the past year, and their deficits widened by 27 cent in the month of October alone.

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