UK - Pension scheme liabilities ‘held fast' at £1.4trn ($2.2trn) last month as market conditions remained relatively calm, figures from Xafinity Corporate Solutions show.
The firm said March continued the trend seen in January and February with the FTSE closing only 85 points off the start of the month. It said this helped to maintain the deficits across UK occupational pension schemes at £370bn.
Xafinity Corporate Solutions director Hugh Creasy said: "You would have to go back four years to find such a becalmed first quarter of the year.
"Pension costs have been remarkably stable and even the £40bn wiped off pension scheme equity investments during mid month has largely been made good as equity markets rally."
He said the news would be helpful to finance directors looking to manage 31 March year ends.
"Thanks to the strictures of FRS17, company balance sheets hang on the state of the financial markets on the year end itself. Stability over recent months has helped prevent nasty little surprises for finance directors," he added.
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