PPF 7800 deficit almost doubles in a year

The total funding level of the Pension Protection Fund (PPF) 7800 index has worsened for the fourth month in a row, after further gilt yield falls.
The lifeboat fund’s analysis showed how the funding ratio for the 5,945 schemes dropped to 76.1% by the end of August from 79.2% in July and from 84.3% in August 2015. The total deficit rose from £376.8bn…

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