Defined benefit pension schemes wiped £93bn off their combined deficits in the last 12 months but the demise of final salary arrangements will not cease, JLT Pension Capital Strategies say.
The combined deficit of FTSE100 and FTSE350 companies stood at £63bn at the end of March this year- it hit £156bn in March 2010. Managing director Charles Cowling (pictured) said: "Despite the r...
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