Higher nominal and index-linked gilt yields helped to reduce the liabilities of the PPF 7800 index by 2.7% in December 2013, according to the Pension Protection Fund's (PPF) latest update.
Fifteen-year gilts rose 21 basis points last month and were up 111 basis points year-on-year, while the FTSE ALL-Share Index increased 16.7% over the 12-month period. The aggregate deficits of t...
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