The pension fund shortfall of Britain's biggest companies has more than doubled to a record £96bn in a year, a report said on Wednesday.
The Telegraph report actuaries Lane Clark & Peacock (LCP) said the financial crisis had helped send the combined deficit of FTSE 100 companies' pension schemes soaring from £41bn a year ago. It was £12bn two years previously. The current £96bn funding gap, calculated from data last month, is the largest recorded shortfall recorded under the international accounting rules currently used for Footsie pension funds, the firm added. Full story...
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