Over the month to 31 January 2021, First Actuarial’s Best estimate (FAB) Index fell slightly, with the surplus in the UK’s 5,318 Defined Benefit (DB) pension schemes decreasing from £318bn to £309bn.

The deficit on the PPF 7800 Index improved during January 2021, decreasing from £86.4bn to £65.0bn, with the funding ratio increasing from 96% to 97%.

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