Global equity markets rose 1.3% (in local currency terms) in January, with longer-dated AAA Eurozone government bond prices falling (and yields rising).
Annuity prices decreased over the month (all annuity rates are 5-year guaranteed and single life).
The funding level of our sample DB scheme increased over January with an increase in its assets and a decrease in it liabilities.
Our Higher and Medium Risk DC strategies posted positive returns over the month, with the Pension Purchase Strategy falling in value in January.
