Pension deficit fell £53bn over April; interest rates outlook is 'crucial'
The combined deficit of the UK's private sector defined benefit (DB) schemes fell by 40% to £78bn on an accounting basis during April, JLT Employee Benefits analysis has revealed.
At the end of the month, the consultancy's monthly index said DB assets totalled £1.5trn while liabilities fell to £1.6trn, resulting in an overall funding level of 95%, up three percentage points since...
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