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 £69.9 billion at the end of May 2019, from a deficit of £6.4 billion at the end of April 2019.
• The funding level decreased from 99.6 per cent at the end of April 2019 to 96.0 per cent.
• Total assets were £1,662.4 billion and total liabilities were £1,732.3 billion.
• There were 3,382 schemes in deficit and 2,068 schemes in surplus.
• The deficit of the schemes in deficit at the end of May 2019 was £199.1 billion, up from £157.2 billion at the end of April 2019.
For a more in-depth look at the monthly changes to our data
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