PPF 7800 funding position plummets by £15.8bn

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The balance of schemes monitored by the Pension Protection Fund has fallen from a surplus of £2.3bn to a deficit of £13.5bn since the end of April, figures show.

The PPF 7800 index of 6,553 defined benefit schemes revealed the £15.8bn drop. The funding ratio for the index, which monitors total assets as a percentage of section 179 liabilities for all the...

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