Alliance Trust scheme posts £2.9m surplus after closing to accrual

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The Alliance Trust Companies' Pension Fund has moved further into the black in the first six months of the year after closing to future accrual in the spring.

The scheme's funding position improved from a £0.8m surplus in January to a £2.9m surplus in July. A net actuarial loss of £0.8m was reported after the discount rate used to calculate liabilitie...

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