Global equities rose by 5.7% (in local currency terms) in May, with Eurozone rising by 6.1% and North America rising by 6.5% over the month.
Equity markets experienced a notable recovery in May, returning to levels seen before the tariff-related sell-off. European markets saw a rebound due to easing trade tensions, along with rising U.S. fiscal concerns that prompted investors to continue a shift away from American assets.
Annuity prices experienced no change over the month. All annuity rates are 5-year guarantee and single life.
The funding level of our sample DB scheme rose to 104% in May, with assets increasing by more than the liabilities (calculated using a Funding Standard proxy).
