Scheme assets bounce back from 'Black Monday' plunge
There has been a significant rebound in the asset values of UK defined benefit (DB) pension schemes since this week's ‘Black Monday' stock market turmoil.
Yesterday the FTSE100 rose 3.7% to close at 6,197.03, adding £60bn to the share value of the index, according to figures from Hargreaves Lansdown. Senior analyst Laith Khalaf (pictured) said this would...
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