DB scheme deficits improve to £92.5bn

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The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £92.5bn in November.

The deficit stood at £96.7bn at the end of October. Scheme funding is better than it was a year previously when there was a deficit of £123.9bn in November, 2008. The total deficit of schemes...

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