Market trends converts RSA's deficit to surplus of £80m

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MARKET movements and management action have transformed a £211m deficit in the Royal Sun & Alliance UK scheme into an £80m surplus in five months.

The insurer’s first quarter results showed the group pension deficit had been slashed 66pc from £370m to £127m. Last year, RSA agreed to inject £180m into its scheme over three years, while more th...

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