How to approach spiralling DB deficits

As deficits hit a record level, PP looks at the impact on funding negotiations

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Pension deficits across private sector defined benefit (DB) schemes hit a new high in January. The latest pensions risk survey from Mercer showed a 25% increase across FTSE 350 schemes between December 2014 and January 2015 alone.

Figures from JLT Employee Benefits (JLT EB) summed the problem up, revealing a 70% hike in total scheme deficits since January 2014, while the combined s179 deficit of schemes covered by the Pensio...

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