19 August 2013
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-July 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
July saw a rather modest improvement in funding levels for the PPF universe with a fall in total scheme deficit to £115.7m from £134.3 in June and a corresponding improvement in s179 funding ratio to 90.7% from 89.1%. Growth assets – particularly equity markets – improved, but this was partially offset by the effect on liabilities of a small decrease in nominal gilt yields over the month.
Report and analysis is provided by the PPF on their website