Unilever blames discount rates for deficit rise

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Unilever's scheme deficit rose by €500m in 2012 due to falling discount rates and a 33% fall in the value of its assets.

Its net pension deficit rose from €3.2 in 2011 to €3.7bn in December last year. Asset values fell from €1,003m to €672m (33%) while liabilities increased by €125m to €4,331m (3%) due to a fall i...

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