FCA Pension Plan slashes deficit by 28%

James Phillips
clock • 2 min read

The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.

In its annual report and accounts, published yesterday (9 July), the watchdog said the scheme had an accounting deficit of £83.7m and a funding level of 90.6%, up from 86.5%. The plan's assets t...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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