Pensions - Articles - Pension Protection Fund publish latest PPF 7800 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 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 5,588 schemes in the PPF 7800 Index is estimated to have increased over the month to £103.8 billion at the end of December 2017, from a deficit of £87.6 billion at the end of November 2017
 • The funding ratio decreased from 94.7 per cent at end of November 2017 to 93.9 per cent
 • Total assets were £1,589.5 billion and total liabilities were £1,693.3 billion
 • There were 3,710 schemes in deficit and 1,878 schemes in surplus
 
 
 To view the full update click here  

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