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Company balance sheets hit by falls in bond yields

The funding positions of pension schemes disclosed in company accounts at 31 December 2009 are likely to have worsened by over 10% over the year due to falls in corporate bond yields despite assets values having generally improved significantly during 2009.

A significant change in markets during the last quarter of 2009 will be needed to avert this.

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Company balance sheets hit by falls in bond yields (875.88 KB, .pdf)