Massive accounting changes could see deficits balloon by £10bn

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The pensions deficit for the UK's largest companies remained stable in May, but major changes to accounting standards could increase shortfalls by £10bn, Aon Hewitt warns.

The aggregate deficit for FTSE350 firms stood at £44bn on an IAS19 accounting basis at the end of May, up slightly from £41bn last month, according to the Aon Hewitt 350 Index. Latest figures fr...

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