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Aaron Pang: Falling bond prices led to a reduction in both asset and liability values across the PPF eligible universe
The aggregate surplus of defined benefit (DB) schemes rose by £7.3bn to £271.3bn in July, off the back of falling bond prices, according to the latest data from the Pension Protection Fund (PPF).
The PPF said renewed hostilities in the Middle East increased inflationary concerns contributing to falling bond prices and rising gilt yields. Its 7800 Index showed DB schemes' significant allo...
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