The aggregate defined benefit (DB) funding level worsened in March, hitting its worst level since last August, the Pension Protection Fund (PPF) has said.
At the end of March, the universe of 5,588 schemes was funded to a 93.1% level, compared to 95.6% at the end of February. This is down from the 96.9% four-year high recorded at the end of January, ...
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