DB deficits rise £21bn over February, says PPF

James Phillips
clock • 2 min read

Defined benefit (DB) schemes saw a £21.1bn growth in their funding shortfall last month as both gilt yields and equities suffered falls, according to the Pension Protection Fund (PPF).

On the section 179 measure, the aggregate deficit of the UK's 5,588 DB schemes was £72.1bn as of 28 February, compared to £51bn at the end of January. The value of assets fell by £8bn while liabili...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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