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Inflation assumptions are also dropping
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
The consultancy's annual Accounting for Pensions report estimated that 70% of DB schemes were in a surplus at the end of March, leading to the best combined funding position in 20 years. This is based...
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