PPF: DB schemes edge into surplus for first time since 2011
Defined benefit (DB) schemes ended November in an aggregate surplus position for the first time since 2011, according to Pension Protection Fund (PPF) figures.
On a section 179 basis, with updated assumptions which came into effect on 1 November, the aggregate funding level of the index's 5,450 schemes was 100.9%. This was up from 95.9% at the end of October,...
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