FTSE350 companies' defined benefit (DB) scheme deficits increased by £6bn over October to hit £102bn on an IAS19 basis, despite rising asset values, Mercer says.
The £13bn boost to asset values to £566bn was not enough to counter the impact on deficits caused by falling bond yields, the consultancy said. Mercer head of DB risk Ali Tayyebi (pictured) said...
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