Tag: Funding

10 July 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-June 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits showed a partial tracing of last month’s heavy increase, falling from £312.1bn as at end May to £267.0bn as at end June with a corresponding improvement in s179 funding ratio to 79.6% from 76.8%. Assets had a stable to slightly improved month. Deficit movements were again dominated by changes in gilt yields and these, after…

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12 June 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-May 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits showed a heavy increase from £216.8bn as at end April to £312.1bn as at end May with a corresponding decrease in s179 funding ratio to 76.8% from 82.6%: The aggregate funding level has now set a historic low since PPF records started in 2003. Unsurprisingly, the move in funding was dominated by the shift in…

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11 May 2012 The Pension Protection Fund produces a monthly index update (the May 2012 release has data taken as at April 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits showed a small increase from £206.2bn as at end March to £216.8bn as at end April with a corresponding decrease in s179 funding ratio to 82.6% thus, in a small way, reversing the trend of improvement since the start of the year. The backdrop to this change over the month was an improvement in…

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11 April 2012 The Pension Protection Fund produces a monthly index update (the April 2012 release has data taken as at 30 March 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits showed an decrease from £222.2bn as at end February to £206.2bn as at end March with a corresponding improvement in s179 funding ratio to 83.4% thus continuing the welcome trend of improvement over the past three months. The backdrop to this change over the month was an improvement in gilt yields (helping liabilities)…

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20 March 2012 The Pension Protection Fund produces a monthly index update (the March 2012 release has data taken as at 29 February 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits showed an decrease from £265.5bn as at end January to £222.2bn as at end February with a corresponding improvement in s179 funding ratio to 82.4%. It is worth noting that s179 deficits are calculated with reference to eligible benefits on entry to the PPF (approximately: 100% of pensions already in payment and 90%…

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