Biggest businesses cut pension contributions as deficits rise almost 50%

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FTSE 100 companies reduced contributions to plug deficits in defined benefit (DB) pension schemes by 23% in the last accounting year, according to research.

But the latest data from JLT Employee Benefits (JLT EB) also showed the deficit of FTSE 100 schemes soared 48% year-on-year to £80bn at the end of 2014. This comes after the Bank of England warn...

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