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.

 Highlights
 • 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

PLSA launches Retirement Living Standards
New Retirement Living Standards designed to help people picture the lifestyle they want when they retire – and understand the cost – has been launched
Thomas Cook staff miss out on full pension benefits
Stuart Price from Quantum Advisory comments on Thomas Cook staff missing out on full pension benefits
PTL and Aegon comment on PLSA retirement guidance
PTL and Aegon comment on PLSA retirement living standards guidance launched today at the annual PLSA conference in Manchester.

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.