Scheme funding improves by £40bn in July

Jonathan Stapleton
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The aggregate funding position - total assets minus total liabilities - of defined benefit schemes improved by over £40bn over the last month, the Pension Protection Fund says.

The lifeboat fund said its PPF7800 index showed the aggregate deficit of UK schemes fell from £200.1bn at the end of June to £158.1bn at the end of July. However, this compares with a deficit of...

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