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
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Author: Martin Veasey
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