Pensions - Articles - Latest Pension Protection Fund index update


This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

 A scheme’s s179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation. This compensation may be lower than full scheme benefits.
 
 May 2018 Update

 Highlights
 • The aggregate deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have increased over the month to £94.0 billion at the end of May 2018, from a deficit of £81.7 billion at the end of April 2018.
 • The funding level decreased from 95.1 per cent at end of April 2018 to 94.5 per cent.
 • Total assets were £1,611.2 billion and total liabilities were £1,705.2 billion.
 • There were 3,659 schemes in deficit and 1,929 schemes in surplus.
 
 For a more in-depth look at the monthly changes to our data please go here
 
 To view the full update click here

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