Moody's Says UK Companies Are To Face Pension Fund Deficits

The value of company pension plans is likely to have declined by between 15% and 20% over 2008, according to Moody's. This would reduce the funding for the plans from 108% to 90% a loss of nearly 40 billion for

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The value of company pension plans is likely to have declined by between 15% and 20% over 2008, according to Moody’s. This would reduce the funding for the plans from 108% to 90% – a loss of nearly 40 billion for the 20 companies with the biggest pension assets, The Telegraph reports.

The ratings agency says that pension deficits were important when deciding the credit-worthiness of a company, because they had an effect on the cashflow of the sponsoring employer.

To read the full article please go to the telegraph.co.uk web-site.

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