16 May 2013
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-April 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
April saw another dip in universe funding levels, despite a small positive return for assets; a decline in gilt yields over the month more than made up for this. There was an increase in total scheme deficit from £236.6bn in March to £256.6bn in April with a corresponding small reduction in s179 funding ratio to 81.5% from 82.6%.
Report and analysis is provided by the PPF on their website
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Author: Martin Veasey
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