U.K. Pension Deficits Fall From Record as Challenge RemainsBy
Defined-benefit plans have 690 billion-pound funding gap: PwC
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…
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