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…