The aggregate deficit of corporate UK pension funds soared past £250bn in March, setting a record for a shortfall due mainly to the drop in gilt yields as the Bank of England’s quantitative easing commenced. According to the Pension Protection Fund, the aggregate gap between the value of scheme assets and the value of liabilities it guarantees rose to £253.1bn, reflecting the aggregate shortfall of schemes in deficit, which is 90% of all plans.

This entry was posted by Gwen Robinson on Wednesday, April 15th, 2009 at 3:23 and is filed under Capital markets. Edit this entry.