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LCP Investment Summary September 2023


Global equity markets fell 3.3% (in local currency terms) in September, with longer-dated AAA Eurozone government bond prices also falling sharply (and yields rising).

Annuity prices decreased substantially over the month.

The funding level of our sample DB scheme decreased over September as its assets fell by more than its liabilities. 

All three of our sample DC schemes fell with most asset classes showing a negative return over the month.