The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.
Mercer's Pensions Risk Survey showed the defined benefit (DB) pensions deficit across the 350 largest companies was £116bn in July, compared to £112bn in June. The deficit rose by £20bn between...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
