Funding levels steady and in surplus but liabilities up amid rising inflation expectations
XPS says UK schemes on track for full funding as deficits reduce by almost 70% in June
Average time to buyout for FTSE 350 DB schemes fell by one year and four months in May
All UK private sector defined benefit (DB) schemes saw a £10bn improvement in funding on a gilts plus basis last month, according to PwC's Skyval index.
Some 58% of UK charities have closed their defined benefit (DB) schemes to future accrual, Hymans Robertson research reveals.