DB deficit fell £14.5bn in February - PPF

The lifeboat's monthly update revealed the aggregate deficit on a section 179 basis had fallen to £8.6bn by 28 February, from £23.1bn at the end of January. Total scheme assets were unchanged over the month at £1,603bn, while liabilities decreased by 0.9% over the month to £1,612bn. The overall aggregate funding level improved slightly from 98.6% at the end of January to 99.5%. In total there were 3,117 schemes in deficit and 2,333 schemes in surplus, moving from 3,271 and 2,179 respectively. February saw 10-, 15- and 20-year fixed interest gilt yields rise by 9bps, 10bps and 9bps ...