New CRO comes off of an eight month career break following 21 years at insurer.
Tag: Pension Protection Fund
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
A final decision will now be decided on by the European Court of Justice.
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
Despite monthly increase, deficit is 54% lower than previous year.
Aggregate deficit declines by £62.4 billion.
Lifeboat fund reduces levy estimate for 2018-19 to £550 million from £615 million.
Reports from Pension Protection Fund and Mercer show improved DB funding.
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.