PPF reveals 'gaping chasm' in scheme funding
UK - The aggregate deficit of 7800 defined benefit (DB) schemes monitored by the Pension Protection Fund increased by £58.5bn (US$85.1bn) in December.
The lifeboat fund said the shortfall soared from £136.0bn (US$197.8bn) at the end of November to £194.5bn (US$283bn) at the end of December. And it said overall scheme funding had deteriorated significantly...
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