DB schemes in surplus for the first time since June '08

The lifeboat fund said the aggregate funding position - total assets minus total liabilities - of almost 7400 DB funds improved to the small surplus at the end of March from a deficit of £15.1bn four weeks earlier. A year ago the deficit stood at £242bn. The total deficit of schemes in deficit in March 2010 was estimated to have improved to £73.3bn from £79.5bn at the end of February. In March 2009, the aggregate deficit of all schemes in deficit stood at £253.1bn. In March 2010, the total surpluses of schemes in surplus increased to £73.6bn from £64.4bn at the end of February 2010...