Pension scheme deficits could increase by £40bn over the next year as a result of government cut backs, Aon Consulting says.
Aon said the fiscal measures - announced in the emergency Budget on June 22 - will initially increase final salary deficits because the reduced issuance of gilts combined with slower economic growt...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date