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UK Pension Funds Break the Worst Kind of Records
Chief Investment Officer [CIO]
June 12, 2012
"The aggregate deficit of pension funds in the United Kingdom has reached its lowest point since records began seven years ago, data has shown. The Pension Protection Fund (PPF), the lifeboat for bankrupt company funds in the UK, said the combined deficit across the industry had ballooned from 216.8 billion [GBP] at the end of April to 312.1 billion at the end of last month. A year earlier the deficit was 24.5 billion."
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