Top firms' scheme deficits stand still over decade as longevity rises

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FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.

The consultancy said FTSE350 schemes were 79% funded in December 2002, but are only 87% funded at the end of June 2012, with the aggregate deficit standing at £73bn. Since 2002, FTSE250 firms ha...

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