ukThe deficits of final salary pension schemes in the UK surged dramatically in May to new record highs as weak economic growth and central bank monetary easing measures leave companies struggling to plug the shortfall, data showed. The aggregate deficit of the 6,432 defined benefit schemes in the UK increased by 95 billion pounds ($147.36 billion) in May alone, to total 312 billion pounds, the Pension Protection Fund (PPF) calculates. This compares with a deficit of 24.5 billion pounds just a year earlier.

 Reuters

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