PP DB Funding Index

Broadstone says DB funding positions remain stable but buyout positions are improving

Aggregate funding level of UK DB schemes on a long-term basis increases to 105% in February

Slight fall in 7800 index comes in anticipation of the end of central bank tightening cycle

Global equity performance and narrowing credit spreads offset falls in gilt yields

PwC and Broadstone show that funding largely improved during January

December rises in corporate bond yields were partly offset by falls in gilts and equities

Rises in bond yields during the month cited as primary driver for rising surpluses

Schemes with lower levels of hedging saw largest funding improvements

Fall in bond yields follows market turbulence of September and October

The lifeboat fund says scheme funding levels steady after sharp improvement in September