DB schemes 'may have hit fully-funded' in May

Rallying growth assets may have enabled defined benefit (DB) schemes to reach fully-funded on a section 179 basis in the first half of May, according to BlackRock.
Thanks to a combination of rising UK gilt yields, positive momentum for developed market equities, strong US data and a weaker sterling, the Pension Protection Fund's (PPF) 7800 Index may have hit 100%...
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