Pensions - Articles - Pension Protection Fund publish PPF 7800 Index for July 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.

 • The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £90.7 billion at the end of July 2019, from a deficit of £51.7 billion at the end of June 2019.
 • The funding level decreased from 97.0 per cent at the end of June 2019 to 95.0 per cent.
 • Total assets were £1,729.8 billion and total liabilities were £1,820.5 billion.
 • There were 3,396 schemes in deficit and 2,054 schemes in surplus.
 • The deficit of the schemes in deficit at the end of July 2019 was £218.8 billion, up from £189.3 billion at the end of June 2019.
 For a more in-depth look at the monthly changes to our data please click here
 To view the full update: 

Back to Index

Similar News to this Story

Benchmarking DB transfers against workplace pensions
Under new rules to be introduced from 1st October, IFAs who are recommending a transfer out of a DB pension will need to benchmark the proposed destin
Comment on BBCs verdict to end free TV licences for over 75s
Please see the below comment from Steven Cameron, Pensions Director at Aegon, on the BBC’s decision to go ahead with a plan to end free TV licences fo
PPF supports struggling levy payers with payment extension
The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interes

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.