DB scheme deficit reaches £19.6bn

The deficit compares to a £8.4bn surplus in December 2006. The PPF says lower gilt yields raised liabilities and more than offset the impact of slightly higher equity markets on assets last month. The PPF estimates total deficit of schemes in deficit in December 2007 have worsened to £82.2bn from £73.1bn at the end of November 2007. Meanwhile, the total surpluses of schemes in surplus fell to £62.9bn from £67.8bn at the end of November 2007. The figures compare to a £71bn surplus in December 2006. To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: J...