FTSE 350 deficit soars 50% in two weeks

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The total deficit of defined benefit (DB) FTSE 350 pension schemes surged 52% over a two-week period this month, according to Hymans Robertson.

Falling gilt yields alongside a dive in equity markets drove the deficit from £63bn to £96bn between 30 September and 15 October, the consultancy revealed. Typical falls in funding levels were b...

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