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
• The aggregate surplus of the 5,050 schemes in the PPF 7800 Index is estimated to have increased over the month to £468.8 billion at the end of May 2024, from a surplus of £458.3 billion at the end of April 2024.
• The funding ratio increased from 148.8 per cent at the end of April 2024 to 149.4 per cent.
• Total assets were £1,417.6 billion and total liabilities were £948.8 billion.
• There were 476 schemes in deficit and 4,574 schemes in surplus.
• The deficit of the schemes in deficit at the end of May 2024 was £3.6 billion, down from £3.8 billion at the end of April 2024.
As a public body, the PPF is required to follow Government guidelines for media and event activities during the pre-election period. To avoid sharing information that could influence the outcome of the general election or detract attention from the political coverage, we have not issued a statement alongside this month’s 7800 Index update.
View the June update and see the supporting data on the 7800 Index for 31 May 2024 here: The PPF 7800 index | Pension Protection Fund
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