Funding continues 2022 improvement

The funding levels of the Creatingbetteroutcomes pension scheme continued their good start to 2022 by improving by between 1 and 3% in the last week.

The improvements were driven predominantly by a rise in yields across the board, pushing the value of liabilities lower. Equity performance was mixed.

There was no clear pattern between being hedged or unhedged as the falls were not consistent across the curve.