Rising discount rates were not enough to offset markets spooked in October by surging COVID-19 cases.
Tag: Charles Cowling
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
Decline comes one month after becoming fully funded for the first time in a decade.
The aggregate funded level of the FTSE 100 pension funds climbed to 99% last month.
Deficits shrink on a monthly and annual basis.