Deficit position of DB schemes improves to £15.1bn

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UK/GLOBAL - The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £15.1bn (US$22.6bn) in February.

The deficit stood at £51.9bn at the end of January. The lifeboat fund said sheme funding is better than it was a year previously when there was a deficit of £204.7bn. The total deficit of sch...

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