US/UK - Deficits for US and UK pension funds have rocketed over the past one to two months as schemes were hit by the double whammy of falling interest rates and dropping equity values.
Deficits for the pension funds of the S&P 1500 companies increased by US$84bn in the two months ended May to $336bn, Mercer reported. Mercer financial strategy group partner Adrian Hartshorn sai...
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