UK - The Pension Protection Fund (PPF) has admitted it made a mistake and underestimated the aggregate funding position of defined benefit schemes by almost £20bn (US$40bn) in January 2008.
The PPF announced the country's latest aggregate deficit had widened by £16.7bn, but added it had miscalculated the previous month's figures by some £19.6bn putting the February figure in the red b...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
