PP DB Funding Index

PPF 7800 index reveals slight fall following volatile month for long-dated gilt yields

How the funding of defined benefit pension schemes is changing

Possibility of higher-than-expected inflation raises fears of liability rise

Aggregate surplus of UK pension schemes rose over May as gilt yields increased

Decrease in surplus due to falling bond yields and turbulence in the banking sector

However, analysis finds DB schemes are resilient and have enough assets for buyout

Broadstone says DB funding positions remain stable but buyout positions are improving

Aggregate funding level of UK DB schemes on a long-term basis increases to 105% in February

Slight fall in 7800 index comes in anticipation of the end of central bank tightening cycle

Global equity performance and narrowing credit spreads offset falls in gilt yields