Pensions - Articles - Pension Protection Fund publish December 2019 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.

 Highlights
 • The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £35.4 billion at the end of December 2019, from a deficit of £71.1 billion at the end of November 2019.
 • The funding ratio increased from 96.1 per cent at the end of November 2019 to 98.0 per cent.
 • Total assets were £1,740.3 billion and total liabilities were £1,775.7 billion.
 • There were 3,168 schemes in deficit and 2,282 schemes in surplus.
 • The deficit of the schemes in deficit at the end of December 2019 was £184.9 billion, down from £208.9 billion at the end of November 2019.
 
 For a more in-depth look at the monthly changes to our data please go here
 
 To view the full update
 
  

Back to Index


Similar News to this Story

Blueprint for the future DC pensions market
The emergence of 10-15 megafunds by 2035 will drive better outcomes and facilitate increase in private market allocations. A more value-focused system
DWP launches State Pension Age comms action plan
The DWP has published its action plan into State Pension age communications, establishing a new strategy for effective, timely and modern communicatio
DB Trustees warning over conflict with pension surpluses
Every single trustee surveyed agrees there is increasing government pressure to use surpluses in ways that might conflict with fiduciary duties. Nearl

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.