PPF improves funding level despite record year for claims

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The Pension Protection Fund (PPF) saw its funding level increase to 110% in the year to March despite dealing with more than £1bn in claims.

The lifeboat funds' annual report, published on Tuesday, showed that its surplus had grown from £1.1bn to £1.8bn and its assets had increased from £11.1bn to £14.9bn. This was a result of higher...

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