UK defined benefit in worst funding position on record

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UK defined benefit schemes have hit a funding low after combined deficits increased nearly £100bn last month to hit £312bn, statistics show.

The Pension Protection Fund 7800 index, which tracks 6,432 DB schemes in the UK, shows the combined deficit was £312.1bn at the end of May 2012, up from £216.8bn at the end of April. The figure ...

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