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UK corporate pensions shortfall doubles in six years

Six years on from the financial crisis, and despite recent rallies in markets, the finances of company pension funds still look dire

The financial shortfall in the UK's largest company pension funds has doubled in the past six years to hit £100 billion - despite companies pouring in £75 billion to close the gap.

The figures, from pensions consultancy Hymans Robertson, illustrate the scale of the challenge facing the UK as it grapples with the effects of super-low bond yields on the finances of defined-benefit, or final-salary pension funds.

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