DB Pensions – End-February 2014 PPF 7800 deficit

16 March 2014 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-February 2014) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. February marked a small improvement in aggregate universe funding levels, due mainly to a small increase in growth assets. The average funding ratio rose from 93.7% to 94.9% reflecting an reduction in overall deficit from £76.4bn to £61.2bn. Report and analysis is provided by the PPF on their website Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2019

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DB Pensions – End-January 2014 PPF 7800 deficit

28 February 2014 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-January 2014) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Growth asset levels declined slightly during January – the traditional post-Christmas bounce was short-lived this year! – though long gilt yields declined slightly. This combination led to a small decline in eligible scheme funding with the average universe funding ratio declined from 97.6% to 93.7% reflecting an increase in overall deficit from £27.6bn to £76.4bn. Report and analysis…

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DB Pensions – End-December 2013 PPF 7800 deficit

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…

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DB Pensions – End-November 2013 PPF 7800 deficit

20 December 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-November 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. November again marked an improvement in eligible scheme funding – with average universe funding ratio increasing from 93.8% to 95.0% reflecting a fall in overall deficit from £75.6bn to £59.7bn. This small change had less to do with universe assets – which fell slightly – than with an improvements in the current value of liabilities – which fell…

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