Birmingham City Council accounts reveal £1.4bn DB deficit

Jenna Towler
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Birmingham City Council has disclosed a defined benefit scheme deficit of £1.4bn in its latest set of accounts.

According to the report the local authority's pension liabilities stand at £4.1bn but assets, as of 31 March this year, were £2.7bn. However, the council said it had seen a reduction in the sche...

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