Sep
29
U.K. Pension Deficits Fall From Record as Challenge Remains
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Defined-benefit plans have 690 billion-pound funding gap: PwC
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Low bond yields cut returns as firms consider closing funds
U.K. company pension deficits fell by 20 billion pounds ($26 billion) in September but remained close to the previous month’s record high of 710 billion pounds, a study showed.
The funding gap for defined-benefit pensions, which pay retirees fixed amounts based on factors including length of service, stood at 690 billion pounds as of September 29, according to PricewaterhouseCoopers LLP…
U.K. Pension Deficits Fall From Record as Challenge Remains
