DB scheme funding leaps £38bn in November

The firm's Aon200 Index showed the overall funding position had improved from a deficit of £15bn at the end of October. According to Aon, the main reason for this turnaround is falling expectations of future inflation, which has dropped 3.2pc to 2.6pc over the month. However, November also saw the biggest year-on-year fall in scheme asset value. Assets plunged £80bn, the largest drop in any year since pension schemes were established. The value of these assets for the Aon100 Index fell by almost a fifth (18pc) over the year, against a backdrop of the FTSE All-Share index of equity pri...