FTSE100 firms see funding levels fall by £53bn

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FTSE100 company pension schemes have a net deficit of £41bn compared to a £12bn surplus in July last year, Lane Clark & Peacock figures show.

The actuarial and consultancy firm’s 15th annual Accounting for Pensions report said it is the largest 12 month swing in FTSE100 funding levels since the introduction of modern pensions accounting ...

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