
Pension scheme funding improves in June despite political uncertainty – Broadstone
The growth focused scheme funding rose from 92.2% at the end of May to 93.1% at the end of June.

The growth focused scheme funding rose from 92.2% at the end of May to 93.1% at the end of June.

The growth focused scheme saw funding rise from 91.7% at the end of April to 92.2% at the end of May.

Broadstone said the stronger performance of the growth-focused scheme was driven by positive returns from growth assets and higher interest rates.

Defined benefit (DB) pension scheme funding levels fell back slightly in March as market volatility linked to Middle East tensions impacted performance.

Funding levels for fully hedged schemes rose by 1.1%, increasing from 71.8% at the end of January to 72.9% by the end of February.
The fully hedged scheme saw a marginal fall in funding over December, with its funding level dipping slightly from 71.7% at the end of November to 71.6% by the end of December.
Daniel Broad said: “Most Defined Benefit pension schemes continued their positive funding level progress in August, with particularly impressive gains made by schemes that are not fully hedged."

The fully hedged scheme’s funding rose from 70.3% at the end of June to 70.9% by the end of July, with the deficit dropping to its lowest point since 2022.

According to the index, the funding level of the fully hedged scheme increased from 69.3% at the end of May to 70.3% at the end of June.
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