The double digit figure is above analyst expectations of 9.8%
Inflation expectations have reduced DB long-term liabilities by around 0.2% since mid 2021
The first month of the new financial year saw GDP fall by 0.3%
Former chancellor identifies inflation as primary issue facing UK economy
Findings show 'true cost' of early retirement could now be over £10,000
Average time to buyout for FTSE 350 schemes fell by nine months over March
Increase in inflation expectations has now added £140bn to DB liabilities since last July
Chancellor Rishi Sunak will deliver his mini-budget later today
It is the third move for rates in the last four months
Industry feedback sought on proposals to shift monies from nature-negative outcomes