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Optimism as more blue-chip pensions move into surplus

A rare ray of sunlight in the pensions world after strong investment performance helps more FTSE100 defined benefit schemes enter surplus territory

Royal Mail disclosed the highest 2014 funding level
Royal Mail disclosed the highest 2014 funding level

Almost a quarter of FTSE 100 companies disclosed a pension surplus for 2014, as more defined benefit schemes moved into positive territory helped by a strong investment performance.

According to consultancy Lane Clark & Peacock's annual Accounting for Pensions report on FTSE 100 firms, 24 company pension schemes are in surplus, up from 21 in 2013.

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