DB funding deficit grows 10% over August
The collective deficit of defined benefit (DB) schemes increased by £40bn to £460bn over August after falls in long-term rates, according to PwC's Skyval index.
The measure, which looks at roughly 5,800 schemes, showed the deficit rose by 10% from the end of July. Assets grew by just £20bn to £1.6trn while a small decrease in long-term real interest rates increased...
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