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DB pension funding surplus rises to £475bn despite rate cut

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Published on: 15 August 2024
Published by a Law360 reporter

Article summary

Law360: The funding surplus of defined benefit (DB) retirement savings plans rose to £475.5bn at the end of July 2024, according to figures released by the Pension Protection Fund (PPF) on 14 August 2024, even as experts warned of the need to hedge against fresh interest rate cuts.

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