Surging markets could erase pensions black hole

$163 billion pension deficit faced by largest firms in the U.K. could disappear by the end of the year
By
|hrreporter.com|Last Updated: 03/05/2004

T

he massive pension deficit some of the biggest companies in the United Kingdom are facing could be wiped out by the end of this year, according to new research.

Aon Consulting said the firms making up the Financial Times Stock Exchange (FTSE-100) collectively faced a pension shortfall of $163 billion Cdn at the end of 2003.