Wednesday, April 25, 2007

U.K. Pension Plans May Show Surplus in 3 Years as Stocks Rally, Aon Says

(Bloomberg) -- U.K. company pension plans within three years may have more money than they owe their members, as returns from equities lift asset values, according to Aon Corp.

The 200 largest pension funds in the U.K. have a combined deficit of about 26 billion pounds ($52 billion), Aon's London- based pension consultancy said in an e-mailed statement. There's a 61 percent chance of that disappearing by 2010 and an 84 percent chance of the funds being in surplus within 10 years, the company said.


Read more at Bloomberg Bonds News

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