PCS warns use of normal credit spreads would double liabilities

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The total deficit of FTSE 100 pension schemes would amount to around £100bn if liabilities were valued using "normal" levels of credit spreads, Pension Capital Strategies warns.

PCS calculated those companies would see a 30% increase on average in their pension liabilities, if credit spreads used were from 80 to 100 basis points. According to a latest report, PCS said i...

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