Pensions - Articles - The Pension Protection Fund issues 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 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
  

Back to Index


Similar News to this Story

Zombie firms with DB Pension Schemes may have no way out
Further analysis from KPMG UK finds that a fifth of so-called ‘zombie firms’ have defined benefit pension (DB) schemes which could put pension trustee
Pensioners urged to check availability for benefits
Annual research by HUB Financial Solutions reveals that losing the £154.50 licence fee from next June could be the tip of the iceberg for many thousan
Aegon highlight demand for DB advice remains strong
According to adviser research from Aegon the demand for Defined Benefit (DB) advice remains strong with 9 out of 10 (89%) advisers, who are or have be

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.