Deficit spike for smaller firms sees private sector levels rise

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Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.

The research showed overall defined benefit (DB) deficits rose substantially, on an IAS19 and FRS17 basis, over the month through a combination of lower asset values and higher liabilities. Howe...

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