Tag: Funding

DB Pensions – End-January 2012 PPF 7800 deficit

15 February 2012 The Pension Protection Fund produces a monthly index update (the February 2012 release has data taken as at 31 January 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 £270.8bn as at end December to £265.5bn as at end January with a corresponding small improvement in s179 funding ratio to almost 80%: 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…

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PPF/tPR : 2011 Purple Book

2 February 2012 Each year (2011 is the sixth year of production), the Pension Protection Fund and the Pensions Regulator jointly publish the Pensions Universe Risk Profile (Purple Book). This document profiles the state and risks facing UK defined benefit schemes. The analysis is conducted using scheme returns and 2011 therefore covers some 98% of the total number of schemes and 99.6% of estimated total liabilities. It is therefore highly representative of the state of the industry. The main data and analysis focuses on the situation at the end of March 2011 : the summary therefore bears out relatively little…

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DB Pensions – End-December 2011 PPF 7800 deficit

10 January 2012 The Pension Protection Fund produces a monthly index update (the January 2012 release has data taken as at 31 December 2011) of the estimated funding position of the defined benefit schemes potentially eligible for entry into the Fund. Total scheme deficits showed an increase from £222.1bn as at end November to £255.2bn as at end December : an new extreme value for 2011 and in line with the peak value at the height of the 2008/2009 crisis. The asset and liability contributions to this increase moved in different directions, with the strong performance from equity during the…

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DB Pensions – End-November 2011 PPF 7800 deficit

14 December 2011 The Pension Protection Fund produces a monthly index update (the December release has data taken as at 30 November) of the estimated funding position of the defined benefit schemes potentially eligible for entry into the Fund. Total scheme deficits showed an increase from £158.6bn as at end October to £222.1bn as at end November. This retraced the improvement over last month and established a new extreme for 2011 : aggregate deficit levels are now only just better than the peak level seen in 2009. The reasons for the change were entirely different to the October figures :…

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DB Pensions – End-October 2011 PPF 7800 deficit

21 November 2011 The Pension Protection Fund produces a monthly index update (the November release has data taken as at 31 October) of the estimated funding position of the defined benefit schemes potentially eligible for entry into the Fund. Total scheme deficits showed a decrease from £196.4bn as at end September to £158.6bn as at end October. Despite current turbulent market conditions, gilt yields were in fact relatively stable over the month leaving the dominant factor in the calculation to be the positive performance of equity markets over that period. External link

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