Global equity markets fell 2.7% (in local currency terms) in October, with longer-dated AAA Eurozone government bond prices also falling (and yields rising slightly).
Annuity prices decreased over the month (all annuity rates are 5-year guaranteed and single life).
The funding level of our sample DB scheme decreased over October as its assets fell and its liabilities rose.
All three of our sample DC schemes fell with most asset classes showing a negative return over the month.
