FTSE350 deficits fall 7% despite market volatility

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FTSE350 companies have enjoyed a 7% month-on-month decrease in their defined benefit (DB) pension scheme deficits despite recent turmoil in the equity markets, according to Mercer.

The consultancy's latest Pensions Risk Survey revealed that deficits tumbled from £95bn at the end of July to £88bn on 27 August, driven by a rise in corporate bond yields and a fall in market impl...

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