PPF 7800 deficit falls £20.7bn in March as equity markets rise

Stephanie Baxter
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PPF 7800 deficit falls £20.7bn in March as equity markets rise

The funding level of the 5,945 schemes in the Pension Protection Fund (PPF) 7800 index improved slightly to 81% by the end of March.

This was against a backdrop of rising equity markets after deficits increased in February amid market volatility and falling gilt yields. The lifeboat fund estimates the total deficit to have fallen...

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