Pensions - Articles - Pension Protection Fund 7800 Index Update

 This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit 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 5,794 schemes in the PPF 7800 Index is
 estimated to have increased over the month to £223.9 billion at the end of
 December 2016, from a deficit of £194.7 billion at the end of November 2016.

 The funding ratio worsened from 88.1 per cent at end November 2016 to 86.8
 per cent.

 Total assets were £1,476.4 billion and total liabilities were £1,700.3 billion.

 There were 4,339 schemes in deficit and 1,455 schemes in surplus.

 To view the full update please click here