Pensions - Articles - PPF 7800 Index Update

 The PPF 7800 Index has been updated to the end of May 2011.
  
 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. Movements in the PPF 7800 index illustrate how the PPF's exposureto the scheme deficits in its universe of eligible schemes is changing in response to financial market movements.
  
 Highlights include:
     
  •   
       The aggregate balance of the 6,533 schemes in the PPF 7800 index is estimated to have decreased over the month to a deficit of £13.5 billion at the end of May 2011, from a surplus of £2.3 billion at the end of April.
     
    •  
  •   
       The funding ratio fell from 100.2 per cent to 98.7 per cent.
     
    •  
  •   
       Total assets were £1004.5 billion and total liabilities were £1017.9 billion.
     
    •  
  •   
       There were 4,311 schemes in deficit and 2,222 schemes in surplus.
     

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

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.