12 March 2013
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-February 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 continued the trend of consistent improvement through the early part of 2013, from £211.2bn as at end January to £201.5bn with a corresponding small improvement in s179 funding ratio to 84.6% from 83.7%.
February’s improvement was driven by significantly positive asset returns, though a small increase in gilt yields had the effect of partially counterbalanced this gain.
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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