12 February 2013
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-January 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
Estimated total scheme deficits once again improved during the first month of 2013, from £244.7bn as at end December 2012 to £211.2bn with a corresponding improvement in s179 funding ratio to 83.7% from 81.3%.
January’s improvement was mostly due to the early year strong start to asset performance, though the effect of slightly increased gilts yields was also a beneficial factor.
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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