The deficit of schemes in the Pension Protection Fund (PPF) 7800 Index increased from £112.3bn to £118.2bn in May.
The average funding ratio for the 6,150 schemes on the index fell from 91.9% to 90.8%. Total assets were £1,170.8bn and total liabilities were £1,289bn. There were 4,348 schemes in deficit and 1,802...
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Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'