Pensions - Articles - Pension Protection Fund issues latest PPF7800 Index update


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.

 April 2018 Update

 Highlights
 • The aggregate deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have decreased over the month to £81.7 billion at the end of April 2018, from a deficit of £115.6 billion at the end of March 2018.
 • The funding level increased from 93.1 per cent at end of March 2018 to 95.1 per cent.
 • Total assets were £1,577.4 billion and total liabilities were £1,659.1 billion.
 • There were 3,637 schemes in deficit and 1,951 schemes in surplus.
 
 To view the full update - Click here 

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