Investment market boost slashes deficits to lowest level in four years

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FAVOURABLE INVESTMENT markets have reduced pension fund deficits of the UK's largest listed companies to their second lowest level in the last four years, latest research by Watson Wyatt reveals.

The actuarial consulting firm said that the combination of rising share markets and rising bond yields had reduced the pension deficits of FTSE 100 companies on the IAS19/FRS17 accounting basis fro...

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