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Rising shares shrink Footsie pension deficits

26 February 2007

Rising share prices and bond yields have cut pension deficits at the UK's biggest companies to their lowest level since new accounting standards were introduced in 2002.

The combined deficit for the Footsie 100 companies fell by £14.1bn in December and by £3.2bn last month. It stands at £31.8bn, against a peak of £90bn in March 2003.

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