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This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, 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
Aaron Pang, PPF Acting Chief Actuary, said: “During August, movements in assets and liabilities were relatively modest across the PPF eligible universe. Asset values edged down by 0.1%, while liability values fell by 0.4%, resulting in a slight improvement in overall funding. The aggregate surplus increased to £273.6bn and the funding ratio rose to 133.4%, reflecting the continued resilience of DB scheme funding levels despite ongoing market uncertainty.” A note on changes to the PPF 7800 Index
In our December 2025 update, we highlighted that the government had announced that it would legislate to allow us to pay prospective indexation starting from 2027 for service accrued pre-1997 for members of schemes who provided this as a right. As well as schemes that have already transferred to the PPF, this will also impact the s179 liabilities of schemes in the PPF universe. In April the Pension Schemes Act received Royal Assent. As we’ve signposted, we’ll reflect the impact from these changes in the PPF 7800 Index in due course.
View the September update and see the supporting data on the 7800 Index for 31 August 2026 here: The PPF 7800 index | Pension Protection Fund. |
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| Pricing Actuary | ||
| London - £180,000 Per Annum | ||
| Actuary - Financial Planning & Analysis | ||
| London/Hybrid - Negotiable | ||
| Capital Actuary | ||
| London/Hybrid - £100,000 Per Annum | ||
| Reserving Actuary | ||
| London - £120,000 Per Annum | ||
| Pricing Actuary, Marine Cargo/Property | ||
| London - £130,000 to £150,000 Per Annum | ||
| Pricing Actuary – Cyber | ||
| London - £120,000 Per Annum | ||
| Reinsurance Pricing Actuary, Analytics | ||
| London - £130,000 to £180,000 Per Annum | ||
| Reinsurance Pricing Actuary | ||
| London - £140,000 Per Annum | ||
| Head of Capital | ||
| London - £170,000 Per Annum | ||
| ART Pricing | ||
| London - £100,000 Per Annum | ||
| Pricing Transformation Actuary | ||
| London - £130,000 Per Annum | ||
| Pricing Actuary | ||
| London - £80,000 to £120,000 Per Annum | ||
| Pensions on Divorce Startup - Flexibl... | ||
| Remote - Negotiable | ||
| SVP, Head of Reserve Forecast Analytics | ||
| Bermuda - £200,000 Per Annum | ||
| START-UP, Lead Reinsurance Actuary | ||
| London - Negotiable | ||
| Senior Actuary | ||
| London - Negotiable | ||
| Reserving Manager | ||
| London - £130,000 Per Annum | ||
| Senior Reserving Consultant | ||
| London - £100,000 Per Annum | ||
| Head of Capital | ||
| London - £180,000 Per Annum | ||
| Head of Portfolio Optimisation | ||
| London - Negotiable | ||
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