Pension deficits increased more than 50% last year, but widening spreads between corporate bonds and gilts have masked an even greater deterioration in funding positions, argues Hymans Robertson.
The firm's latest Pensions Indicator Report revealed aggregate IAS19 deficits on the FTSE350 rose from £43bn to £67 driven by poor returns on growth assets and a 70 basis point drop in AA-rated cor...
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