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Pension scheme deficit rises

1 Dec 08

UK final salary pension schemes have dipped deeper into the red as share prices fall

The Pension Protection Fund put the collective deficit of nearly 7,800 private sector schemes in October at £97.3 billion – in September it was £80.3 billion, and a year ago they had an £84.1 billion surplus.

The Pensions Regulator recently sent a letter to trustees of all the UK's pension schemes, advising them to be keep an especially close eye on their investments in what it called “unprecedented times”.

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