DB funding level drops over August after 105 schemes fall into deficit
The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.
At the end of the month, the deficit totalled £220bn on a section 179 basis for the 5,794 schemes, up from £180bn at the end of July, the PPF 7800 recorded. Assets grew by £29bn to £1.6trn, but were...
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