S&P 1500 schemes funded status hits 75%

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US - The aggregate funded ratio in S&P 1500 pension plans increased to 75% in October from 72% in September, though much of the gain was wiped out at the beginning of this month, figures from Mercer show.

The rise in funded status is the largest one-month improvement since September 2010 when it improved 4%. In October, the increase was driven by an 11% gain in equities, partially offset by the continued...

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