Pensions - Articles - PPF publish latest PPF7800 Index figures for February 2026

 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: "The aggregate surplus rose by £8.1 billion to £273.7 billion in February. There were positive returns on all asset classes, causing aggregate assets to rise by over 3 per cent, and the corresponding reduction in gilt yields caused liabilities to rise by a similar percentage. Early March has brought renewed volatility as geopolitical developments affect inflation expectations and interest-rate outlooks, underlining that funding levels remain sensitive to market conditions even as they continue to show resilience."