Market volatility pushes pension deficits up £40bn
Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.
The collective deficit of all private sector DB schemes jumped by £40bn from £207bn in 2014 to £247bn as of 30 September this year, with the funding level falling from 85% to 83%. Concerns about global...
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