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Pension assets just beat liabilities

The value of assets of pension schemes of the FTSE-100 companies exceeds their liabilities, but only just, according to a survey by consulting actuaries Hymans Roberts.

FTSE100 pension scheme assets total £227bn, while liabilities calculated under the new FRS17 accounting standard total £224bn.

But FRS17 funding levels vary from 70 per cent of liabilities for some companies to 140 per cent for others.

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