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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 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 £149.0 billion at the end of September 2019, from a deficit of £162.9 billion at the end of August 2019. |
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