Scheme assets bounce back from 'Black Monday' plunge

clock

There has been a significant rebound in the asset values of UK defined benefit (DB) pension schemes since this week's ‘Black Monday' stock market turmoil.

Yesterday the FTSE100 rose 3.7% to close at 6,197.03, adding £60bn to the share value of the index, according to figures from Hargreaves Lansdown. Senior analyst Laith Khalaf (pictured) said th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

SPP finds strong support for consolidator gateway tests

SPP finds strong support for consolidator gateway tests

Industry says a public sector consolidator should be aimed at small, fully funded schemes

Jasmine Urquhart
clock 17 July 2024 • 1 min read
Tender Watch: Nest extends partnership with Nexer Digital

Tender Watch: Nest extends partnership with Nexer Digital

Two-year contract extension worth up to £1.3m following two ‘successful’ years

Professional Pensions
clock 15 July 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 09 July 2024 • 1 min read
Trustpilot