PPF data reveals £62bn slide in scheme funding

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THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund worsened in June, figures show.

The PPF said its 7800 index had moved from a surplus of £53.4bn at the end of May to a deficit of £8.3bn at the end of June. It said scheme funding was worse than it was a year previously. In...

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