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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.
 Shalin Bhagwan, PPF Chief Actuary, said: “Global markets were highly volatile through March as the escalation of the US–Israel–Iran conflict triggered a global energy supply shock. Although equities stabilised towards the end of the month following indications of possible ceasefire talks, markets still ended March lower overall. At the same time, higher oil and gas prices pushed up inflation expectations, driving gilt yields higher and flipping market pricing for the UK from expecting rate cuts in 2026 to rate hikes.
Against this backdrop, the PPF-eligible universe saw a £9.9bn fall in the aggregate funding position, reflecting weaker equity markets. However, the funding ratio improved by 0.6 percentage points to 131.4 per cent, as liabilities fell, highlighting the resilience of DB funding and the extent to which higher discount rates can offset market stress."
View the April update and see the supporting data on the 7800 Index for 31 March 2026 here: The PPF 7800 index | Pension Protection Fund.
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| Head of Capital | ||
| London/Hybrid - Negotiable | ||
| Head of Pricing | ||
| London - £170,000 Per Annum | ||
| Pricing Actuary | ||
| London - £120,000 Per Annum | ||
| Pricing Transformation Lead | ||
| London - £85,000 Per Annum | ||
| Head of Capital | ||
| London - Negotiable | ||
| Portfolio Actuary | ||
| London - £140,000 Per Annum | ||
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| London - £140,000 Per Annum | ||
| Senior Pricing & Portfolio Management... | ||
| London - £150,000 Per Annum | ||
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| London - £85,000 Per Annum | ||
| Lead Capital Actuary | ||
| London - £150,000 Per Annum | ||
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| London / hybrid 2 days p/w office-based - Negotiable | ||
| Head of Insurance Risk | ||
| London - £160,000 Per Annum | ||
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