The combined deficit of the UK's defined benefit (DB) schemes grew by 30% over the last 12 months, according to the Pension Protection Fund (PPF).
The 5,794 DB schemes in the PPF 7800 Index had a deficit of £245.6bn on a section 179 basis at the end of April, up from £188.7bn at the same point last year. Liabilities totalled £1.8trn, while...
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