Rising equities drive DB pension improvement

In its monthly survey, the PPF says the total deficit of nearly 7,400 final salary pension funds fell from £97.6bn at the end of October to £92.5bn by the end of November. Of those schemes not in deficit, total surpluses increased to £40.4bn from £37.5bn at the end of October. The number of schemes in surplus also increased during the month to 1,558, or 21%. Furthermore, the number of DB schemes in surplus is higher than last year, with 1,276 in surplus in November 2008. The positive figures come on the back of an improving economic picture which has seen equity markets make up gro...