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 decreased to £174.8 billion at the end of June 2020, from £176.3 billion at the end of May 2020.
• The funding ratio increased from 90.9 per cent at the end of May 2020 to 91.0 per cent.
• Total assets were £1,775.5 billion and total liabilities were £1,950.3 billion.
• There were 3,617 schemes in deficit and 1,805 schemes in surplus.
• The deficit of the schemes in deficit at the end of June 2020 was £288.0 billion, down from £290.1 billion at the end of May 2020.
Lisa McCrory, PPF Chief Finance Officer & Chief Actuary, said: “This month the 7800 Index shows that there has been little change in the aggregate funding level despite the day to day volatility in both the equity and bond markets.
“This will come as some relief to pension schemes, but we expect funding levels will continue to see significant volatility in the short term.”
For a more in-depth look at the monthly changes to our data
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