BBC scheme deficit increases despite improved investment performance

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The BBC Pension Scheme deficit has risen from £1.1bn to £1.4bn over the past year, despite the fund exceeding expectation on its investment performance.

The scheme trustees' 2011 summary report, published on Friday, revealed the scheme's funding reduced by 1 percentage point from 88% in 2010 to 87% this year because of lower expected long-term equi...

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