BOOMING stock markets helped close the black hole in
Funding levels in aggregate rose to 103 per cent for the year ending
The rise was driven by a rally in equity markets, which helped boost the value of pension scheme assets by 9.5 per cent while rising rates helped add 5.6 per cent to funding levels, according to the figures from Goldman Sachs Asset Management (GSAM).
"2013 was a good year for
"There's going to be investment opportunities due to changes in regulatory structures, which means pensions schemes can take advantage of them by putting capital to work, if they can handle the liquidity profile of these investments."
Companies helped to close the funding gap last year by contributing a further 2.1 per cent to the funding level through cash contributions.
Just 25 companies in the
The research found one company had a funding level of 120 per cent - but had its entire portfolio in stocks and none in fixed income.
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