PPF 7800 deficit doubles in a year

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The deficit of schemes in the Pension Protection Fund (PPF) 7800 index has more than doubled year-on-year, the latest data has shown.

It rose from £80.3bn at the end of August 2013 to £170.8bn last month on an s179 basis, with the funding ratio slipping six percentage points to 87.6% over the same period. The deficit of all UK...

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