U.K. corporate pension fund surplus gains again in June
The total surplus of U.K. defined benefit funds covered by the Pension Protection Fund’s 7800 index increased 4.7% in June to £99 billion ($137 billion). The surplus was £94.6 billion at the end of May. A year earlier, U.K. corporate DB funds recorded a total deficit of £132.2 billion, the London-based PPF said Tuesday in an update. The PPF is the lifeboat fund for defined benefit plans of insolvent U.K. companies. The funding ratio increased to 105.8% as of June 30, up...
