Schemes suffer biggest ever daily rise in deficits as stockmarkets plummet
PENSION schemes suffered the largest ever single daily increase in FRS17 deficits yesterday as global stock markets plunged, consulting firms calculate.
Aon Consulting said the aggregate deficit of the 200 largest UK defined benefit schemes increased from just £2bn on December 31 last year to £33bn at close of business on Monday. It said this marked...
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