DB deficits fall 28% due to strong returns and BoE rate hike expectation
The collective deficit of defined benefit (DB) schemes fell 28% over the month according to the Pension Protection Fund's 7800 index.
The lifeboat fund said strong investment returns cut the aggregate deficit from £220bn at the end of August to £158bn at the end of the September and noted liabilities also fell. During September, liabilities...
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