This month we are moving to the new Purple Book 2https://www.ppf.co.uk/sites/default/files/2020-12/PPF7800-30-November-2020-December-update.pdf 020 dataset, re-stating the funding position from March 2020 to October 2020 to reflect the new data. The impact as at 31 October 2020 is an increase in the funding ratio of 2.1 percentage points (see note 7 on page 8).
For more information on the impact of the change on the PPF 7800 Index, please see note 1 on page 7. All the charts and tables presented in this publication have been revised to reflect the changes described above.
Highlights
• The aggregate deficit of the 5,318 schemes in the PPF 7800 Index is estimated to have decreased over the month to £78.8 billion at the end of November 2020, from a deficit of £126.0 billion at the end of October 2020.
• The funding ratio increased from 93.3 per cent at the end of October 2020 to 95.8 per cent.
• Total assets were £1,799.2 billion and total liabilities were £1,878.0 billion.
• There were 3,216 schemes in deficit and 2,102 schemes in surplus.
• The deficit of the schemes in deficit at the end of November 2020 was £221.4 billion, down from £253.2 billion at the end of October 2020.
Lisa McCrory, PPF Chief Finance Officer & Chief Actuary, said: “The 5,318 schemes in the PPF 7800 Index have shown an improved funding position in November 2020. This has been caused by increased equity prices and bond yields which have led to better asset values and lower liability values.
“As a result of market movements, the funding ratio has recovered by 2.5 per cent to 95.8 per cent at the end of November 2020, and the deficit of schemes in deficit is also down by £31.8 billion to £221.4 billion. The improved position is against the backdrop of a continuing challenging environment.”
For a more in-depth look at the monthly changes to our data
To view the full update
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