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The accounting deficit of defined benefit pension schemes in the United Kingdom increased in January, according to the latest data from Mercer.

Mercer’s Pensions Risk Survey found that the estimated aggregate IAS19 deficit for the defined benefit pension schemes of the FTSE350 companies stood at £75 billion, or a funding ratio of 88 percent, at the end of January, compared to £62 billion at the end of 2012 and a funded ratio of 89 percent.

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