DB Pensions – End-October 2013 PPF 7800 deficit

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…

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DB Pensions – End-September 2013 PPF 7800 deficit

11 October 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-September 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. September marked a rare month, where neither assets nor liability values moved significantly and hence the net deficit was mostly unchanged: moving from £112.4bn to £114.8bn (a change in funding ratio from 90.8% to 90.7% retracing the move in August). Report and analysis is provided by the PPF on their website Author: Martin Veasey © www.veaseyassociates.co.uk 2011 –…

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DB Pensions – End-August 2013 PPF 7800 deficit

20 September 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-August 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. The marginal improvements in funding levels for August (an increase to 90.8% from 90.7%) masked a more interesting period for assets and liabilities. Both sides of the DB pensions balance sheet fell by a couple of percent, largely driven by ongoing increases in short- to mid- gilt yields and a little softness in growth markets. Report and analysis…

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DB Pensions – End-July 2013 PPF 7800 deficit

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…

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