DB Pensions – End-May 2013 PPF 7800 deficit
PPF 7800 DB Pension Scheme Funding Ratio – May 2013 12 June 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-May 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. May saw a significant improvement in universe funding levels, despite growth asset performance being largely flat – by far the main contributor was an increase in term interest rates (by way of an example, 10 year gilt yields increased by some 30bp over the month). There was a…