DB scheme deficit worst since 2003

Figures for almost 7,800 predominantly private sector DB schemes show the deficit worsened £16.7bn to £97.5bn, compared to a £3.2bn surplus in February 2007. The total deficit of schemes in deficit reached £130.1bn last month from £118bn at the end of January while the total surpluses of schemes in surplus fell to £32.6bn from £37.3bn at the end of January. Meanwhile, the aggregate surplus of all schemes in surplus stood at £68.6bn, down from £83.1bn in January. To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: [email protected] IFAo...