UK - Pension funds have recorded the first surplus of 2008 but funding levels are still below last year, according to data released by the Pension Protection Fund (PPF).
Of the 7,800 defined benefit (DB) schemes in the index, 2,473 were in surplus, representing 32% of the total. This was down from 3,225 last year. The total value of scheme surpluses, £85.9bn (U...
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