DB deficit hits record £935bn as gilt yields tumble

Kristian Brunt-Seymour
clock • 2 min read

Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.

Aggregate deficits rose to £935bn on Monday, moving past the record £909bn reached on 11 February, according to Hymans Robertson figures. Although some rating agencies had downgraded their view ...

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