PPF surplus soars 50% amid strong investment returns

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The Pension Protection Fund (PPF) reached a surplus of £3.6bn at the end of March, according to its 2014/15 annual report and accounts.

This helped push the lifeboat fund's funding ratio up 2.6 percentage points to 115.1% over the 12-month period, the data published today showed. The investment return achieved over the past year...

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