Changed valuation assumptions slash PPF 7800 surplus

Jenna Towler
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UK - The surplus of defined benefit schemes monitored by the Pension Protection Fund slipped from £45.5bn in March to £2.3bn last month.

The PPF said just over 80% of the decrease in scheme funding - £34.9bn out of a total £43.2bn - was down to the change in assumptions used by the lifeboat fund. The PPF updated its valuation ass...

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Jenna Towler
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