The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
At the end of September the index, which tracks 5,588 defined benefit (DB) schemes, reached the highest funding level (97.7%) since June 2011, when it was at 98.2%. However, at the end of October, it was...
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