DB deficits close as sterling weakens
The total deficit of defined benefit (DB) schemes improved marginally, latest Pension Protection Fund (PPF) data reveals.
The lifeboat fund said the 5,794 DB schemes in the PPF 7800 Index had an aggregate deficit of £232.3bn on a section 179 basis at the end of May, down from £245.6bn at the end of April. Over the month...
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