Pensions - Articles - Pension Protection Fund publish 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 deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have increased over the month to £103.8 billion at the end of December 2017, from a deficit of £87.6 billion at the end of November 2017
 • The funding ratio decreased from 94.7 per cent at end of November 2017 to 93.9 per cent
 • Total assets were £1,589.5 billion and total liabilities were £1,693.3 billion
 • There were 3,710 schemes in deficit and 1,878 schemes in surplus
 
 
 To view the full update click here  

Back to Index


Similar News to this Story

Comments on the PPF levy announcement
WTW and Broadstone comment on the PPF levy announcement
Schroders pension to harness DB surplus for DC contributions
Schroders announces its commitment to running-on its Defined Benefit (DB) pension and leveraging a portion of the surplus to partially fund its Define
Proposed PPF Levy change welcomed
The Society of Pension Professionals (SPP) has repeatedly called for a legislative change that would enable the Pension Protection Fund (PPF) to reduc

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.