Every month we publish the PPF 7800 index giving the latest estimated funding position for all eligible defined benefit schemes - on a section 179 basis.
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).
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £6.4 billion at the end of April 2019, from a deficit of £43.9 billion at the end of March 2019.
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 179 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.
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £23.1 billion at the end of January 2019, from a deficit of £31.9 billion at the end of December 2018.
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).
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