Deficits at most manageable level since pre-2008

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Deficits in FTSE350 pension schemes are at the lowest levels compared to the financial strength of their sponsors since before the last recession, according to PwC.

The consultant said its Pensions Support Index (PSI), which tracks the level of support provided to defined benefit (DB) schemes, had seen the biggest six-monthly rise in four-and-half years. It said...

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