21 November 2011
The Pension Protection Fund produces a monthly index update (the November release has data taken as at 31 October) of the estimated funding position of the defined benefit schemes potentially eligible for entry into the Fund.
Total scheme deficits showed a decrease from £196.4bn as at end September to £158.6bn as at end October. Despite current turbulent market conditions, gilt yields were in fact relatively stable over the month leaving the dominant factor in the calculation to be the positive performance of equity markets over that period.