DB deficits remain at 'eye-watering' levels

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Deficits in UK defined benefit schemes remained at "eye-watering" levels in May and are more than 50% higher than they were this time last year, according to JLT Employee Benefits.

The firm's monthly update on funding levels, found schemes were on average 83% funded on an accounting basis, and a had a combined deficit of £259bn. The deficit was down a fraction of last mont...

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