LONDON, 2 June 2008 – Aon Consulting, a leading pension, benefits and HR consulting firm, warned that despite recording an aggregate surplus of £6 billion at the end of May 2008, UK pension schemes will have to continue wrestling with volatility due to fluctuating inflation rates, which have hit a ten-year high.
In its monthly Aon200 Index, Aon Consulting tracks the surplus (or deficit) of the 200 largest UK privately sponsored pension final salary schemes. The May surplus of £6 billion, a marginal £1 billion improvement on April, is the fourth consecutive month that schemes have showed an aggregate surplus, following January’s wild stock market swings. 56 per cent of schemes now remain in surplus.
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