22 November 2013
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-October 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
October marked an improvement in eligible scheme funding – with average universe funding ratio increasing from 92.9% to 93.8% reflecting a fall in overall deficit from £85.0bn to £75.6bn.
The latest PPF update reflects their shift to the new 2013 Purple Book dataset and so does restate previous figures, however the overall picture is unchanged.
Report and analysis is provided by the PPF on their website