Deficits could soar at worst time for many schemes

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This could be a dire year for schemes as last year's losses are compounded in the first quarter and crystallised for the 40% of schemes with triennial valuations in March, warns Pension Corporation.

The company's latest Pension Risk Tracker Index suggests deficits will rise by £85bn if gilt yields fall further, the eurozone crisis halts the stock market rally and an oil price spike keeps infla...

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