Originally published by Oliver Gill | City A.M.
Britain’s pension gap almost doubled during 2016 to the highest ever year-end level, according to data released today.
The aggregate deficit of defined benefit pension schemes leapt to £434bn, according to JLT Employee Benefits, up from £233bn, 12 months before.
Although deficits have pared back from all-time highs of over £500bn in August, experts predicted bumper pension holes weren’t going away quickly. Continue Reading.