FTSE 350 DB deficits fall to 17% of pre-tax profits
Pension deficits at the UK's 350 largest listed companies fell by £27bn over the 18 months to June on an accounting basis, according to Barnett Waddingham.
As of 30 June, the combined defined benefit (DB) shortfall was £35bn, compared to £62bn as of January 2017. The upturn was thanks to a mixture of strong investment performance and increased deficit recovery...
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