DB surplus falls 15% in October under 'more realistic' discount rate

The UK's 5,945 defined benefit (DB) schemes had a £306bn surplus under realistic investment return assumptions by the end of October, according to First Actuarial.
Its monthly index, which looks at the best estimate expected returns on the underlying assets held by schemes, shows the aggregate surplus had fallen 15% from the £358bn recorded on 30 September. The...
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