DB deficit rose £120bn in just six weeks over Brexit jitters

Stephanie Baxter
clock • 2 min read

The total shortfall of defined benefit (DB) schemes increased to £850bn last week as market volatility worsened in response to escalating Brexit fears, according to research.

Data from Hymans Robertson shows the collective deficit had risen by £120bn over six weeks up until Thursday 16 June, equating to 5% of GDP, and a £3bn increase each day. The uncertainty over Br...

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