Pensions - Articles - The Pension Protection Fund release latest PPF 7800 Index


This update provides the latest estimated funding position, 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.

 Highlights
 • The aggregate surplus of the 5,318 schemes in the PPF 7800 Index is estimated to have increased over the month to £53.7 billion at the end of April 2021, from a surplus of £34.2 billion at the end of March 2021.
 • The funding ratio increased from 102.0 per cent at the end of March 2021 to 103.1 per cent.
 • Total assets were £1,784.3 billion and total liabilities were £1,730.6 billion.
 • There were 2,622 schemes in deficit and 2,696 schemes in surplus.
 • The deficit of the schemes in deficit at the end of April 2021 was £135.8 billion, down from £144.3 billion at the end of March 2021.

 Lisa McCrory, PPF’s Chief Finance Officer and Chief Actuary, said: “The funding position of our PPF 7800 Index has seen a small improvement in April, with the surplus of the 5,318 schemes increasing by nearly £20 billion. This is primarily due to an increase in the value of equities. For only the second time in the Index’s fifteen year history there are now more schemes in surplus than in deficit.

 “The 7800 Index will be updated next month to take account of the recently released A10 s179 assumptions, which is anticipated to improve the funding position further. Despite these positive signs of recovery, we remain cautious in this challenging environment.”

 To view the full March 2021 update

  For a more in-depth look at the monthly changes to our data
  

Back to Index


Similar News to this Story

No retirement plan leaves you four times more stressed
Almost a third of people in the UK admit to having no plan for their finances in retirement (30%). People without plans are four times more likely to
Regulatory risk remains high on the list of schemes concerns
Aon has released the UK results of its ‘Global Pension Risk Survey 2025/26’, which highlights regulatory risk as a continuing concern for defined bene
PPF publishes latest PPF 7800 update for September 2025
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.