PPF: Deficits fall 16% in October amid rising yields and stocks
The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index fell to £262.5bn at the end of October as both gilt yields and equity markets rose.
This puts defined benefit (DB) funds in a better position than the previous month when the aggregate deficit was 16% higher at £311.7bn, and the funding ratio has also improved from 79.9% to 82.7%...
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