Deficits underestimated by €300bn

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Pension deficits in UK banks and Europe's largest listed companies have been underestimated by €300bn (£268bn) in their last full year reports, AlphaValue research reveals.

The equity research company showed the most underestimated funded obligations in value terms were among Lloyds, Royal Bank of Scotland, British Airways, Siemens, Barclays, RD/Shell, HSBC, GSK, BT G...

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