This fine chart from BlackRock obtained via Financial Times shows that UK's pension deficit has widened sharply after the referendum to £408 billion.

The incremental numbers are simply staggering. The deficit widened by £24.2 billion during the month of July and has grown by £114 billion since the end of May. It has soared by £314.8 billion within last two years, according to the Pension Protection Fund.

The pension deficits are likely to move higher as the Bank of England (BoE) prepares further easing and rate cuts.