12 December 2012
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-November 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
Total scheme deficits rose during the month, from £235.7bn as at end October to £252.5bn at end November with a corresponding decrease in s179 funding ratio to 80.8% from 81.7%.
It is worth noting that the PPF have implemented a change from RPI to CPI for revaluation of relevant payments. This restatement took place with effective date at the end of March 2011 and necessitated a restatement of s179 deficits from then to today. Consequently liability and funding ratio figures for that period have been updated.
A full report and analysis is provided by the PPF at this external page
Over to You:
- If you found this content useful, please feel free to share it using the buttons at the bottom of the webpage
- If you'd like to be kept in touch with my writings as they are published, please subscribe to my Mailing List
- If you think I might be able to help your business with your pensions related challenges - please email or call me
Author: Martin Veasey
© www.veaseyassociates.co.uk 2011 - 2018