PPF 7800 deficit hits £53.5bn in August

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The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.

This compared to a surplus of £6.6bn at the end of July. The lifeboat fund said this relates to a funding ratio decline from 100.7% to 94.6% - noting total assets were £934bn and total liabiliti...

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