Pensions - Articles - Pension Protection Fund issue September 2018 PPF7800 Index

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.

 • The aggregate deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have increased over the month to £65.3 billion at the end of August 2018, from a deficit of £62.8 billion at the end of July 2018.
 • The funding level decreased from 96.3 per cent at the end of July 2018 to 96.1 per cent.
 • Total assets were £1,627.1 billion and total liabilities were £1,692.4 billion.
 • There were 3,562 schemes in deficit and 2,026 schemes in surplus.
 For a more in-depth look at the monthly changes to our data 
 To view the full update:

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