Defined benefit pension scheme deficits rose to an aggregate of £19.6bn in December from £5.2bn in November last year, figures from the Pension Protection Fund shows.
The PPF’s 7800 Solvency Index for December 2007 said scheme funding is now worse than it was in December 2006, when a surplus of £8.4bn was recorded. In December last year, lower gilt yields rais...
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