Deficit payments hit record high of £45bn in 2012

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The amount employers are paying into schemes hit record levels last year as defined benefit deficits continued to warrant cash injections, research from Towers Watson shows.

Employers paid £45bn into pension funds last year, up from £39bn a year earlier and over three times more than the £14bn contributed in 2002. Of this, £41bn was being paid into private sector DB...

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