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AITC says pension deficits could affect growth prospects

73 per cent of investment trust fund managers say company growth prospects will be affected if companies are forced to pay off their pension deficits over the next ten years.

They also have concerns about a lack of consumer spending and rising interest rates according to the AITC’s recent survey of 31 managers from 42 member investment trusts.

F&C investment trust manager Jeremy Tigue says: “If companies are forced to eliminate pension deficits so quickly there will be a negative impact on profits but also a likely negative imact on equity markets as fund sell equities and buy bonds.”

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