UK - The Pension Protection Fund (PPF) levy for 2006/7 could be reduced by £150m because favourable investment markets knocked down pension fund deficits at FTSE 100 companies by a third in March, Watson Wyatt has claimed.
The consultancy firm said the combination of rising bond yields and rising equity prices reduced the pension deficits of FTSE 100 companies from £64bn on the IAS19/FRS17 accounting basis at the beg...
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