Biggest DB schemes see deficits soar 90% year-on-year

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The collective deficit of FTSE 350 defined benefit (DB) pension schemes increased 91% last year, according to research.

Although the deficit was £56bn at the end of 2013, a fall in corporate and government bond yields helped this soar to £107bn by 31 December 2014, Mercer's Pension Risk Survey showed. On a month-...

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