DB deficits up 11% last month
The latest figures from Pension Protection Fund (PPF) 7800 Index reveal total defined benefit scheme deficits have risen 11% in one month.
The deficit increased from £280.4bn at the end of August to £311.7bn last month, driven by falling gilt yields and stock markets. Although yields on 15-year index-linked gilts rose two basis points,...
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FCA must stop DB transfer history repeating
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