Global equity markets fell by 1.1% (in local currency terms) in October, while Eurozone markets fell by 3.3% over the month.
Eurozone annual rate of headline inflation was recorded at 2.0% in October, in line with the ECB’s target. However, the slowing economic momentum in France and Germany could lead the ECB to consider a further interest rate cut at their next meeting.
Annuity prices experienced a decline in October as bond yields rose. All annuity rates are 5-year guarantee and single life.
The funding level of our sample DB scheme declined to 106%, with assets falling more than its liabilities (calculated using a Funding Standard proxy) over October.
