FTSE index rebound fails to half deficit rise

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A rise in equities failed to halt increasing deficits at the UK's biggest companies as corporate bond yields took a negative turn, research from Mercer shows.

In the consultant's monthly Pensions Risk Survey, it found a 6.6% rise in the FTSE index failed to stop a £3bn rise in deficits at FTSE350 companies. The FTSE rise saw total asset values hit £55...

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