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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
Shalin Bhagwan, PPF Chief Actuary said: “This month’s PPF 7800 Index indicates that aggregate defined benefit (DB) scheme funding strengthened in January. The estimated aggregate surplus rose by almost £13bn to £239bn, further illustrating the continued strength and resilience of DB scheme funding. There was significant intra-month volatility in gilts, as markets tried to weigh up the impact of tariffs on growth and inflation, although yields settled a few basis points lower than at the end of December. This, coupled with strong growth in UK and global equities, drove higher increases in both equity and bond asset values relative to the increase in liabilities, with the net result being improved overall funding.”
View the February update and see the supporting data on the 7800 Index for 31 January 2025 here: The PPF 7800 index | Pension Protection Fund. |
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| Assumptions Actuary | ||
| London/Hybrid - Negotiable | ||
| Senior Actuary | ||
| London/Hybrid - Negotiable | ||
| Senior Investment Trainee | ||
| London or Edinburgh / hybrid 50/50 - Negotiable | ||
| Pensions Manager | ||
| Any UK office / hybrid 2 dpw office-based - Negotiable | ||
| Actuarial Reserving Senior Manager | ||
| London / hybrid - Negotiable | ||
| Senior Actuarial Consultant – GMPe | ||
| Any UK Office location / Hybrid working - Negotiable | ||
| Senior Life Actuarial Consultant | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Associate Director - BPA Origination | ||
| London / hybrid 2-3dpw office-based - Negotiable | ||
| Actuarial Reserving Manager | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Pension Risk Transfer Consultant | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Reinsurance Pricing Actuary | ||
| London - £120,000 Per Annum | ||
| Senior International Actuarial Analys... | ||
| Bermuda - Negotiable | ||
| FTC: Pensions Actuary: fully remote i... | ||
| Remote - Negotiable | ||
| Pensions actuary, looking for a truly... | ||
| London / hybrid 3 days p/w office-based - Negotiable | ||
| Actuarial Student - No GMP equalisation! | ||
| London / hybrid 3 days p/w office-based - Negotiable | ||
| Pensions Consultant / Senior Actuaria... | ||
| Midlands / hybrid 2 dpw office-based - Negotiable | ||
| FTC (12m): Tech Modelling Assistants ... | ||
| North West / hybrid - Negotiable | ||
| Technical Modelling Assistants - Pens... | ||
| North West / hybrid - Negotiable | ||
| Portfolio Solutions Actuary | ||
| London - £130,000 Per Annum | ||
| GI Actuary - Treaty Insights | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
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