FTSE 250 pension shortfall jumps

The pension shortfall at FTSE 250 companies had hit £12bn by the end of June, widening from £6bn a year before, a report said yesterday. The shortfall would have been even higher if yields on corporate bonds had not gone up throughout the credit crunch, the data from Pension Capital Strategies and Cazenove said. The report also said that the number of defined benefits schemes on offer for workers in FTSE 250 companies was falling rapidly.