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Record amount paid into pension deficit

The black hole in the pension schemes of Britain's biggest companies has been shrinking.

FTSE 100 firms made record payments into their schemes over the past year, paying in £17.5bn to help reduce their accumulated deficits.

Bob Scott from pensions consultancy Lane Clarke Peacock, which produced the report, says pension schemes are now "healthier" compared to this time last year.

  • 04 Aug 2010