Global equities rose by 0.8% (in local currency terms) in December, with Eurozone markets rising by 2.5% and North America falling by -1.1% (in EUR terms).
The US dollar weakened against the Euro over the month.
European equities posted positive gains in December, supported by defensive sectors, with market indices closing the year close to record highs.
US equity markets performance was muted in December, with stocks, marginally down over the final month.
Annuity prices fell in December as bond prices fell.
The sample DB scheme’s funding level slipped to c.106% during the month, reflecting a decline in asset values (calculated using a Funding Standard proxy).
Our High Risk strategy posted positive gains over December. In contrast, our Medium Risk & Pension Purchase DC strategies experienced negative returns over the month.
