Over the month to 31 March 2021, First Actuarial’s Best estimate (FAB) Index improved slightly, with the surplus in the UK’s 5,318 Defined Benefit (DB) pension schemes increasing from £305bn to £315bn.


The aggregate surplus on the PPF 7800 Index also improved during March 2021, increasing from £14.6bn to £34.2bn, with the funding ratio improving from 101% to 102%.

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