02 January 2015
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Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.
The collective deficit of all UK private sector schemes rose to £249bn on 31 December, an increase of 66% from the £150bn recorded at the end of last year. The funding level also suffered, dropping from...
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