PPF index data reveals funding decline in June

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.