Falling yields push deficits back towards record level

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Pension deficits at FTSE 350 firms grew 10% last month as falling bond yields reversed improvements in funding levels seen earlier this year, research finds.

Mercer's Pensions Risk Survey found shortfalls increased from £116bn to £127bn over the month, with an £18bn increase in liabilities more than offsetting a £7bn rise in assets. The consultant sa...

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