3:45PM
UK: Pension fund deficit widens again
The state of UK defined-benefit pension funds started to worsen again in August, according to the Pension Protection Fund (PPF). The shortfall in the 7,400 defined- benefit schemes, including final-salary pensions, widened from £158.1bn at the end of July to £173.2bn a month later.
The level has fluctuated in recent months but remains considerably worse than a year earlier. Many employers have closed final-salary schemes because of funding shortages.
Sep 8, 2009 at 15:45 in International | Post a Comment Email Article Print Article Share Article | Permalink
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