PPF 7800 funding position plummets by £15.8bn

clock

The balance of schemes monitored by the Pension Protection Fund has fallen from a surplus of £2.3bn to a deficit of £13.5bn since the end of April, figures show.

The PPF 7800 index of 6,553 defined benefit schemes revealed the £15.8bn drop. The funding ratio for the index, which monitors total assets as a percentage of section 179 liabilities for all the...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

UCEA and UUK urge higher education minister to address TPS funding shortfall

UCEA and UUK urge higher education minister to address TPS funding shortfall

Letter comes as higher education sector’s financial concerns intensify

Jonathan Stapleton
clock 18 March 2024 • 1 min read
£340bn of pension surplus could be unlocked as result of DWP's DB proposals

£340bn of pension surplus could be unlocked as result of DWP's DB proposals

Surplus options and public sector consolidator causing some schemes to re-evaluate strategy

Jonathan Stapleton
clock 28 February 2024 • 3 min read
Abrdn 'exploring options' over £700m DB scheme surplus

Abrdn 'exploring options' over £700m DB scheme surplus

Move comes after Court of Session confirmed asset manager’s right to any surplus

Jonathan Stapleton
clock 28 February 2024 • 1 min read
Trustpilot