Pensions - Articles - Pension Protection Fund issue August 2019 PPF7800 Index


PPF 7800 Index for August 2019. 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 179 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.

 Highlights
 • The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £162.9 billion at the end of August 2019, from a deficit of £90.7 billion at the end of July 2019.
 • The funding level decreased from 95.0 per cent at the end of July 2019 to 91.5 per cent.
 • Total assets were £1,755.6 billion and total liabilities were £1,918.5 billion.
 • There were 3,652 schemes in deficit and 1,798 schemes in surplus.
 • The deficit of the schemes in deficit at the end of August 2019 was £273.5 billion, up from £218.8 billion at the end of July 2019.
 
 For a more in-depth look at the monthly changes to our data please go to: https://www.ppf.co.uk/sites/default/files/file-2019-09/ppf_7800_supporting_data_september_2019.pdf
 
 To view the full update: https://www.ppf.co.uk/sites/default/files/file-2019-09/ppf_7800_update_september_2019.pdf
  

Back to Index


Similar News to this Story

Income tax reprieve for those reliant on State Pension
The Chancellor has confirmed in an interview with Martin Lewis that pensioners whose sole income is the state pension will not have to pay income tax
Salary Sacrifice on Pensions capped by Chancellor
Comments from IGG, Mercer, SPP and Hargreaves Lansdown comment on salary sacrifice being capped by the Chancellor
Relief as other pensions tax perks remain untouched
Pension salary sacrifice cuts confirmed from 2029 will be a blow to many employees saving for retirement. But pensions remain the most tax-efficient w

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.