DB deficits deteriorate to £51.9bn

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The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund worsened to a deficit of £51.9bn in January.

The deficit stood at £32.6bn at the end of December. Scheme funding is better than it was a year previously when there was a deficit of £183.6bn in January, 2009. The total deficit of schemes...

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