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A 2018 funding update found the position has improved to 108%
The Plumbing and Mechanical Services (UK) Pension Scheme has completed its 2017 valuation, calculating scheme assets were enough to cover 102% of its liabilities.
The 35,000-member scheme's valuation had been paused while the scheme conducted a consultation process with employers and members on future benefits and contribution rates, and a 2018 funding update found...
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