The combined deficit of FTSE 100 defined benefit (DB) schemes grew by more than £10bn over 2016, Barnett Waddingham research has estimated.
This was largely driven by a significant drop in discount rates, which on average fell by 1.1 percentage points, from 3.8% at the end of 2015 to 2.7% on 31 December 2016. The consultancy said for a...
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