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 funding position of the 5,450 schemes in the PPF 7800 Index is estimated to have worsened over the month to a deficit of £31.9 billion at the end of December 2018, from a surplus of £14.3 billion at the end of November 2018.
• The funding level decreased from 100.9 per cent at the end of November 2018 to 98.0 per cent.
• Total assets were £1,571.3 billion and total liabilities were £1,603.2 billion.
• There were 3,271 schemes in deficit and 2,179 schemes in surplus.
For a more in-depth look at the monthly changes to our data please click here
To view the full update here
|
