Lacklustre FTSE forces deficit increase trend

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Minute gains in the FTSE has seen private sector defined benefit deficits increase for the second month in a row, adding £20bn, research from the Pension Protection Fund (PPF) shows.

The PPF7800 index, which is calculated on an s179 basis, has shown the deficit of 6,316 private sector schemes rose to £256.6bn at the end of April, up from £236.6bn in March. During the month, ...

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