PPF 7800 deficit improves £33.1bn in September

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The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a deficit of £20.4bn at the end of September.

This compared to a deficit of £53.5bn at the end of August. The lifeboat fund said this relates to a funding ratio improvement from 94.6% to 97.9%, noting total assets were £961.8bn - an increas...

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