15 January 2014
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-December 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.
December marked the third consecutive month with an improvement in eligible scheme funding – with average universe funding ratio increasing from 95.0% to 97.6% reflecting a fall in overall deficit from £59.7bn to £27.6bn. Overall, 2013 was a good year for universe deficits with nine out of twelve months showing improvements and the average funding ration improving from 82.8% to 97.6% overall.
Report and analysis is provided by the PPF on their website
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Author: Martin Veasey
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