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PPF index data reveals funding decline in June

Professional Pensions | 14 Jul 2009 | 01:00

The aggregate funding position - total assets minus total liabilities - of defined benefit schemes has worsened during the last month, the Pension Protection Fund says.

The lifeboat fund said its PPF7800 index showed the aggregate deficit of UK schemes has grown to £200.1bn at the end of June from £179.3bn at the end of May.

The PPF7800 index showed a surplus of £13bn at the end of June last year.

The PPF estimated the total deficit of schemes in deficit in June 2009 has worsened to £215.8bn from £196.8bn at the end of May.

In June 2008, the aggregate deficit of all schemes in deficit stood at £60.3bn.

The total surpluses of schemes in surplus also worsened. It fell to £15.7bn from £17.5bn at the end of May 2009.

In June 2008, the total surplus of all schemes in surplus stood at £73.3bn.

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