PPF 7800 deficit slashed in half as gilt yields rise
The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.
Over the month liabilities for schemes in the lifeboat fund's 7800 Index fell by £66.2bn, a decrease of 3.9% over the month and a decrease of 2.2% over the year, while assets decreased by £14bn in January....
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