DB schemes trimmed deficits by half last year

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Deficits for defined benefit pension schemes fell in 2010 but schemes still have some way to go to reach the funding levels of 2008, latest figures show.

Aon Hewitt put the total deficit for the UK's 200 largest privately sponsored final-salary schemes at £52bn by the end of the year. The consultant said this was an improvement of 40% on the £87b...

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