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This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, 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.
As a public body, the PPF is required to follow Government guidelines for media and event activities during the pre-election period. To avoid sharing information that could influence the outcome of the general election or detract attention from the political coverage, we have not issued a statement alongside this month’s 7800 Index update. |
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