Pensions - Articles - Pension Protection Fund releases its latest PPF 7800 Index


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 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 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £6.4 billion at the end of April 2019, from a deficit of £43.9 billion at the end of March 2019.
  
 The funding level increased from 97.4 per cent at the end of March 2019 to 99.6 per cent.
  
 Total assets were £1,649.2 billion and total liabilities were £1,655.6 billion.
  
 There were 3,089 schemes in deficit and 2,361 schemes in surplus.
  
 The deficit of the schemes in deficit at the end of April 2019 was £157.2 billion, down
 from £181.1 billion at the end of March 2019.
  
 For a more in-depth look at the monthly changes to our data please see the link to the supporting data on the 7800 Index home page: 

Back to Index


Similar News to this Story

DB scheme trustees face agenda overload
Pensions dashboard readiness ranked as the leading challenge facing DB scheme trustees over the next 12 months, cited by 38% of trustees in new resear
Faster pension transfers backed but scam protection crucial
The Pension Scams Industry Group (PSIG), established in 2014 to help protect pension savers from fraud, deception and sharp practice, today responded
76% of pensions policy makers to explore CDC in next 3 years
Around half (52%) of respondents were comfortable being an early adopter. 51% of companies with less than 250 employees say they expect to explore CDC

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.