UK - Pension scheme deficits which were said to be in excess of £100bn for FTSE100 schemes have now shrunk to under £50bn, riding on "favourable" investment changes, consultants estimate.
Hewitt Bacon & Woodrow, said that when equity markets were in doldrums in early 2003, many were citing total deficits measured on the FRS accounting basis. Raj Mody, principal consultant at Hewi...
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