The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 90 basis points (bps) over February, latest Pension Protection Fund (PPF) data shows.
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...
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