FTSE350 funding levels hit four-year low

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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...

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Natasha Browne

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