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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 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £6.4 billion at the end of April 2019, from a deficit of £43.9 billion at the end of March 2019.
The funding level increased from 97.4 per cent at the end of March 2019 to 99.6 per cent.
Total assets were £1,649.2 billion and total liabilities were £1,655.6 billion.
There were 3,089 schemes in deficit and 2,361 schemes in surplus.
The deficit of the schemes in deficit at the end of April 2019 was £157.2 billion, down
from £181.1 billion at the end of March 2019.
For a more in-depth look at the monthly changes to our data please see the link to the supporting data on the 7800 Index home page:
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| Assistant Actuary – Mixed Role – Lloy... | ||
| London - £75,000 Per Annum | ||
| Commercial Pricing Manager | ||
| London - £90,000 Per Annum | ||
| Scheme Actuary | ||
| South West - Negotiable | ||
| CONTRACT: Senior Actuarial Technician... | ||
| Midlands - Negotiable | ||
| Actuarial/Quant Role – Sports Betting | ||
| Flexible - Negotiable | ||
| Pensions Administration Manager - Fle... | ||
| Work from home/ South East - Negotiable | ||
| Senior Pensions Administrator - Flexi... | ||
| Work from home/South East - Negotiable | ||
| Syndicate Pricing | ||
| London - Negotiable | ||
| Reserving on the South Coast | ||
| South Coast - Negotiable | ||
| Risk Actuary - FTC | ||
| London - Negotiable | ||
| Financial Risk Futures | ||
| London - Negotiable | ||
| Risk Actuary - Lloyd's | ||
| London - £90,000 Per Annum | ||
| Capital and Reserving - Managing Agency | ||
| London - Negotiable | ||
| Investment Risk Analyst | ||
| London - Negotiable | ||
| Head of Capital | ||
| London - Negotiable | ||
| STAR EXCLUSIVE – Head of Motor Pricing | ||
| London/Nationwide - Negotiable | ||
| ERM Analyst – General Insurance | ||
| London - £50,000 Per Annum | ||
| Actuarial Consultant | ||
| London or Norway - £40,000 to £90,000 Per Annum | ||
| Actuarial Analyst - 12 month FTC | ||
| South Coast - Negotiable | ||
| STAR EXCLUSIVE – Head of Actuarial | ||
| London - Negotiable | ||
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