Pensions - Articles - PPF 7800 Index Update


This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit 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
     
  1.   The aggregate deficit of the 5,945 schemes in the PPF 7800 Index is
    2.  
  2.   estimated to have decreased over the month to £328.9 billion at the end of
    3.  
  3.   October 2016, from a deficit of £419.7 billion at the end of September 2016.
    4.  
  4.   The funding ratio improved from 77.5 per cent to 81.4 per cent.
    5.  
  5.   Total assets were £1,437.8 billion and total liabilities were £1,766.7 billion.
    6.  
  6.   There were 4,797 schemes in deficit and 1,148 schemes in surplus.
 Read the full update here

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