UK - Lower gilt yields were to blame for the surge in pension fund deficits during December 2007, which raised liabilities and took 117 schemes back into the red, according to the Pension Protection Fund (PPF).
Some 79% of the schemes covered by the PPF were reported to be in deficit, the highest number since November 2006, which amounted to an aggregate £19.6bn (US$38.6bn), up from £5.2bn the previous mo...
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