Mortality assumption changes help cut Aviva scheme deficit by £1.3bn

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Aviva has reduced its scheme deficit by an estimated £1.3bn in the last year as part of a debt reduction programme.

The life and pensions company briefed investors today that the deficit shrank from £1.7bn to £0.4bn between 31 December 2009 and 30 November last year. The improved figures are down to a one-off payment...

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