DB deficit falls £8.8bn over January, says PPF

From £32bn to £23bn

James Phillips
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BlackRock's Tunningley: Schemes have beaten the January blues
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BlackRock's Tunningley: Schemes have beaten the January blues

The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.

The lifeboat's monthly update for last month revealed the aggregate deficit had fallen from £31.9bn to £23.1bn on a section 179 basis used to calculate PPF benefits over the month. Assets increased...

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