Pensions - Articles - Pension Protection Fund publish their 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 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 £8.6 billion at the end of February 2019, from a deficit of £23.1 billion at the end of January 2019.
 • The funding level increased from 98.6 per cent at the end of January 2019 to 99.5 per cent.
 • Total assets were £1,602.9 billion and total liabilities were £1,611.5 billion.
 • There were 3,117 schemes in deficit and 2,333 schemes in surplus.

 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

Saga comment on the Royal Mail CDC pension scheme
Following Work and Pensions Secretary, Amber Rudd, welcoming plans for the Collective Defined Contribution (CDC) pension scheme to be introduced in th
CPI 12 month rate increases but still lower than BOE target
Following the publication of the Consumer Prices Index (CPI) 12-month rate for February, please see the below comment from Kate Smith, Head of Pension
The pensions quiz reveals if you are prepared for retirement
Back in 2016, pensions advice specialist, Portafina, set out to find what the nation knew about their pensions. Now, three years on, Portafina asked a

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.