Pensions - Articles - The PPF publish January 2020 PPF7800 Index


The latest PPF 7800 Index below which shows the most recent estimated funding position, on a s179 basis, for the defined benefit schemes in the PPF eligible universe. This month’s update takes account of the underlying data from the newly published Purple Book 2019 for the calculation of funding ratios, reflecting the latest data available.


 This update will impact the starting position of the Index, and our calculations show the combined effect of these changes has caused the funding ratio of the defined benefit scheme universe to decrease by 3.5 percentage points to 95.9 per cent at the end of January 2020 compared with 99.4 per cent (restated from 98 per cent) reported at the end of December 2019.
 
 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 5,422 schemes in the PPF 7800 Index is estimated to have increased over the month to £74.7 billion at the end of January 2020, from a deficit of £10.9 billion at the end of December 2019.
 • The funding ratio decreased from 99.4 per cent at the end of December 2019 to 95.9 per cent.
 • Total assets were £1,733.9 billion and total liabilities were £1,808.6 billion.
 • There were 3,257 schemes in deficit and 2,165 schemes in surplus.
 • The deficit of the schemes in deficit at the end of January 2020 was £209.9 billion, up from £165.6 billion at the end of December 2019.
 
 For a more in-depth look at the monthly changes to our data
 
 To view the full update

Back to Index


Similar News to this Story

PLSA guidelines say hold firms to account on Climate Change
Pension fund investors must be prepared to hold the directors of the companies in which they invest individually accountable on how well they manage c
Some pensioners to face Lifetime Allowance charges
Colin Smith, a Senior Director at Willis Towers Watson comments on guidance from HMRC concerning the tax treatment of changes that pension schemes mak
Just Group comment on the FCAs Sector Views report
Retirees are less likely to switch provider when taking out income drawdown or guaranteed income for life plans than they are for credit cards or cash

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.