PPF 7800 deficit surges 230% year-on-year

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The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index soared 230% year-on-year, the latest data has shown.

The aggregate deficit of the 6,057 schemes was £49.9bn in October 2013 but surged to £164.9bn on an s179 basis at the end of last month. There was also a 17% increase in the number of schemes in...

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