Pensions - Articles - Pension Protection Fund publish the December 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.

 This month there is an update in the way the PPF 7800 Index is calculated: we are moving to the Purple Book 2017 dataset for the calculation of the funding levels, re-stating the funding position from March 2017 to October 2017 to reflect the new data. The impact as at 31 October 2017 is an improvement in the funding position of 3.5 percentage points (see note 6 on page 7 of the full update).
 
 All the charts and tables presented in this publication have been revised to reflect this change.
 
 Highlights
     
  1.   The aggregate deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have decreased over the month to £87.6 billion at the end of November 2017, from a deficit of £87.7 billion at the end of October 2017.
    2.  
  2.   The funding level remained the same as at the end of October 2017 at 94.7 per cent.
    3.  
  3.   Total assets were £1,563.5 billion and total liabilities were £1,651.1 billion.
    4.  
  4.   There were 3,663 schemes in deficit and 1,925 schemes in surplus. 
 To view the full update click here

Back to Index


Similar News to this Story

State pensioners to get above inflation triple lock boost
The Office for National Statistics has announced that the Consumer Prices Index (CPI) rose by 2.8% in the 12 months to February 2025, down from the 3.
Pensions for 9 in 10 DC savers invest in productive assets
TPR says larger schemes more likely to have the right governance standards and invest in a diversified portfolio. Smaller schemes seem less likely to
Transfer Activity index fell to record low in February 2025
XPS Group’s Transfer Activity Index has fallen to the lowest observed rate since the Index was established in 2018. In February 2025, there was an ann

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.