One-off recovery payments down 50% in Q1

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The value of special contributions made by employers to plug defined benefit (DB) deficits dropped by 50% in the first quarter of the year, according to the Office for National Statistics (ONS).

In figures published today the ONS said net contributions to schemes for the period were just above the five-year quarterly average of £11bn, at £12bn. But it noticed a significant drop in the s...

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