Credit crunch IAS19 distortion results in £163bn FTSE350 deficit

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The deficit of FTSE350 defined benefit pension schemes stands at £163bn with £100bn of the deficit shared by just 20 firms, Hymans Robertson says.

Data from its penSAFE report - which measures the risk defined benefit schemes pose to sponsors and was launched yesterday - highlighted the distortion in reported IAS19 deficits caused by the cred...

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