The combined defined benefit (DB) deficit increased by £16.2bn over December to £103.8bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.
Over the month liabilities for schemes in the lifeboat fund's index increased by £42.2bn, while assets increased by £26.5bn. However, the funding ratio decreased from 94.7% at the end of Novembe...
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