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Gilt yield rises of around 3% resulted in a 35% reduction in the value of liabilities during 2022
UK pension scheme funding positions improved by a margin of £400bn against long-term funding targets over the year to 20 December 2022, latest analysis from XPS Pensions Group finds.
The consultancy's DB:UK funding tracker found that, based on assets of £1,456bn and liabilities of £1,394bn, the aggregate funding level of UK pension schemes on a long-term target basis was 104% a...
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