How the funding of defined benefit pension schemes is changing
Slight fall in 7800 index comes in anticipation of the end of central bank tightening cycle
Transaction secures the benefits of 8,800 members
Rises in bond yields during the month cited as primary driver for rising surpluses
Lifeboat fund says its focus will now shift to maintaining its financial resilience
Lifeboat fund says it has improved ESG risk disclosures and updated voting guidelines
Lifeboat fund caveats positive outlook noting impact on assets is currently less certain
Levy cut comes as lifeboat funds redefines funding objective as ‘maintaining resilience’
Scrapping the limit would give PPF the flexibility to waive levy in the future
Roadmap includes plans for service, continued digital transformation and sustainability