Sunday 20, June 2010 by
Pension deficits fall in May despite stock market losses
Despite a bad month for stock markets, UK companies’ pension deficits actually shrunk by £7 billion ($10.3 billion) during May, according to Towers Watson. This is because the future rates of inflation that markets anticipate are lower at the end of the month than they were at the start, reducing the expected cost of inflation-linked pension payments.
