|Investment Property Worldwide.com||
The aggregate shortfall of UK corporate pension schemes soared in
September and is now at its second-highest level, new industry data show, as
falling markets and bond yields sharply reduced returns.
The UK’s Pension Protection Fund – the safety net for underfunded pension schemes at insolvent employers – said the aggregate deficit of all schemes soared to£196.4bn at the end of last month, from £117.5bn at the end of August. It is not far off the
record £208.6bn shortfall in March 2009, at the depth of the recession.
The full article can be seen at - http://www.ft.com/cms/s/0/52c38e04-f426-11e0-bdea-00144feab49a.html#ixzz1aZau6uxW
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