PPF 7800 deficits fall 11% as yields rise
The funding level of defined benefit (DB) schemes in the Pensions Protection Fund's (PPF) 7800 index has improved on the back of rising gilt yields.
The lifeboat fund said deficits fell from £300.7bn in December 2014 to £265.8bn at the end of 2015. On a monthly basis deficits dropped 11% to £222.4bn at the end of December 2015 from £249.4bn at...
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