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Research reveals 10bn pension deficit increase in August

UK pension deficits showed a monthly increase of 10bn in August according to analysis by Aon Consulting.

The research showed the increase was mainly due to a small decrease in bond yields over the month, with corporate bond yields falling from 5.1 per cent to 5 per cent and gilt yields falling from 4.4 per cent to 4.3 per cent.

Over the same period the equity market remained largely flat.

The survey monitors 200 of the UK’s largest defined benefit schemes. At the end of August 2006 the total estimated deficit for the 200 schemes stood at 51bn compared to a 41bn deficit at the end of July.

Aon Consulting Principal Andrew Claringbold said: “This shows just how sensitive the FRS17 figures reported on company balance sheets are to bond markets.”


Bright Grey knocks timing of LivVic’s Red Arc services

Bright Grey has hit out at Liverpool Victoria for only offering Red Arc’s care services on its critical-illness policies after a claim has been paid. Red Arc offers counselling and personal nurses to Bright Grey policyholders at point of claim but Liverpool Victoria, which introduced the service to new and existing CI policyholders last week, […]

Directors of top 100 companies have 1bn pension pot

Directors of the UKs top 100 companies have accumulated pensions worth nearly 1bn, according to the TUCs annual PensionsWatch survey.The TUCs analysis reveals an average executive can retire at 60 on a final salary pension worth 2.7m with the largest directors pension in each firm worth an average 4.9m.The TUC says the biggest final salary […]

Insight plans Aim listing for property manager Invista

Insight Investment is to float its property fund management arm on the Alternative Investment Market by the end of the month. The new company will be called Invista Real Estate Management. Parent com- pany HBOS, which is expected to retain a 55 per cent stake, says the deal will raise 100m which will be used […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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