UK - Pension fund finances have crumbled with FRS17 deficits soaring to £150bn as the FTSE100 plunged to almost half its peak level this week.The deficit has increased from £130bn at the end of last year.
Watson Wyatt calculated even this figure would correspond to a deficit of around £65bn on a more conservative funding basis – and would take more than 10 years to plug. Watson Wyatt partner Robe...
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