Global equity markets rose by 1.7% (in local currency terms) in August, while Eurozone markets rose by 1.5% over the month.
Eurozone annual rate of headline inflation fell to 2.2% in August following an increase the prior month. The ECB meet again in September, with the general expectation amongst economists and investors that a rate cut is likely to occur.
Annuity prices increased slightly over August. All annuity rates are 5-year guarantee and single life.
The funding level of our sample DB scheme remained around 106%, falling slightly as its liabilities increase slightly more than its assets (calculated using a Funding Standard proxy) over August.
