Pension deficits 'to last 11 years'

Companies offering "gold-plated" pension schemes will need until 2024 to plug their deficits, a report has forecast.

PwC's survey of 150 UK defined benefit (DB) pension schemes with total liabilities of more than £200 billion found that it will take companies around 11 years to repay their pension deficits due to worsening funding positions.%VIRTUAL-SkimlinksPromo%