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: “A surge in yields on long-dated gilts, reaching highs not seen since the late 1990s, saw estimated scheme liability values drop by 2.2 per cent. The corresponding drop in the price of gilts was tempered by steady improvements in equity markets, resulting in a 1.9 per cent decrease in estimated scheme asset values. The net impact of which was a slight improvement in the scheme funding ratio, up by 0.4 percentage points to 128.1 per cent.”
View the September update and see the supporting data on the 7800 Index for 31 August 2025 here: The PPF 7800 index | Pension Protection Fund.
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