PPF 7800 index reports first surplus in four months

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THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund improved to £30.3bn at the end of April, latest figures reveal.

The PPF said its 7800 index had improved from a deficit of £23.6bn at the end of March and was the first surplus in 4 months. Despite this, it said scheme funding was worse than it was at the end ...

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