DB scheme deficit worsens to £218bn

The deficit stood at £190.6bn at the end of January. Scheme funding is also worse than it was a year previously when there was a deficit of £67.1bn in February, 2008. Total scheme surpluses fell to £9.4bn last month, from £13.5bn at the end of January. In February 2008, the total surplus of all schemes in surplus stood at £42.6bn. Consultant Watson Wyatt says this marked the biggest deficit ever recorded by the PPF but the figures would look even worse if they were measured today. The consultant says since the end of February, UK stock markets have fallen even further and the liabilit...