Isio has appointed Matthew Cooper as covenant solutions director
The aggregate surplus of defined benefit (DB) pension schemes increased from £455.5bn at the end of March 2024 to £458.3bn at the end of April 2024, according to the Pension Protection Fund (PPF) 7800 Index.
Based on total assets of £1,398bn and total liabilities of £939.7bn, the index showed that the funding ratio for the 5,050 DB schemes in the index increased from 146.5 per cent at the end of March 2024 to 148.8 per cent in April