UK - FTSE 100 companies' pension schemes had a net deficit of £41bn (US$80.1bn) at mid July this year compared to a £12bn (US$23.4bn) surplus in July 2007, a report by Lane Clark & Peacock LLP (LCP) has shown.
LCP said the credit crunch, equity market volatility and rises in expected inflation had caused severe swings in funding levels over the last year. Bob Scott, partner, LCP, said: "UK pension sch...
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