Pensions - Articles - Pension Protection Fund issues latest PPF 7800 Index


This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit 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.
 
 Highlights
 • The aggregate deficit of the 5,794 schemes in the PPF 7800 Index is estimated to have decreased over the month to £149.8 billion at the end of October 2017, from a deficit of £158.0 billion at the end of September 2017.
 • The funding ratio increased from 90.6 per cent at end of September 2017 to 91.2 per cent.
 • Total assets were £1,543.0 billion and total liabilities were £1,692.8 billion.
 • There were 4,030 schemes in deficit and 1,764 schemes in surplus.
 
 To view the full update click here
  

Back to Index


Similar News to this Story

Rising female State Pension Age led to higher employment
Between 2010 and 2018 the female state pension age (SPA) increased from 60 to 65. This has increased employment among affected women over 60, althou
PASA launches latest round of GMP guidance
The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today ann
TPR and the FCA publish joint pensions strategy
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have today launched a joint regulatory strategy aimed at strengthening their re

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.