Xafinity Corporate Solutions research: UK pension scheme deficits reach record low

The aggregate deficit of corporate pension schemes in the UK has reached a record low in 2011, now standing just above £300 billion, according to research by Xafinity Corporate Solutions.

Based on assumptions at the end of September 2011, total liabilities across occupational pension schemes have now fallen below £1.3 trillion.

Hugh Creasy, director at Xafinity Corporate Solutions, said: “In what has been a repeat of the previous month, we have seen a further fall of 0.25% in the outlook for price inflation.

“This may seem small beer, but it is enough to wipe £60 billion off organisations’ balance sheet deficits.”

Read more research figures on pension scheme deficits