DB deficits exceed combined annual salary of UK workers

Michael Klimes
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The £900bn deficit in UK defined benefit (DB) schemes would require more than a year's salary from every person in the UK to fix, according to Hymans Robertson.

Over the last 15 years companies injected £500bn into pensions only to see deficits treble, the consultant said. The firm said the positions taken by most schemes in equities combined with low i...

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