Private sector DB deficits rise year on year from falling bond yields

Stephanie Baxter
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Deficits of defined benefit (DB) pension schemes have worsened year on year as a result of critically low bond yields, according to JLT Employee Benefits' monthly index.

The collective deficit of the FTSE 100 companies increased to £72bn up to 30 November from £65bn last year. This meant funding levels dropped to 88% from 89%. Liabilities rose from £567bn to £613bn...

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