Falling rate expectations push deficits up 16% in November

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Deficits of UK defined benefit (DB) schemes rose £36bn to £264bn last month as a result of falling interest rates, figures show.

The latest estimate from JLT Employee Benefits shows funding levels dropped from 84% to 82%. Liabilities for private schemes increased by £56bn to £1.508trn, as a result of falling interest rate...

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