Recession sparks 30% increase in contingent asset use

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The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, data from the latest Purple Book reveals.

Data showed contingent assets - which the pension scheme can claim in the event of a sponsor failure - in place for 2009/10 slashed schemes' Pension Protection Fund levies by a total of about £100m...

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