Pensions - Articles - PPF publish PPF7800 Index update for June 2025

 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.  
 
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 Shalin Bhagwan, PPF Chief Actuary said: "After a month of fluctuating fortunes in government bond markets, which ultimately ended with overall lower yields, the PPF-eligible DB universe experienced an increase in their estimated liability values. However, this rise in liability values was outpaced by the growth in DB schemes' estimated asset values, driven by positive returns over the month for all asset classes, and particularly overseas equities, on the back of favourable economic data and better-than-expected corporate earnings reports. Overall, these changes led to a modest increase in its aggregate funding position, moving up by £9.4 bn to reach a surplus of £230.5bn, while the funding ratio improved slightly, reaching 126.2 per cent at the month end.”
 
 View the July update and see the supporting data on the 7800 Index for 30 June 2025 here: The PPF 7800 index | Pension Protection Fund.