Tag: PPF

16 May 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-April 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. April saw another dip in universe funding levels, despite a small positive return for assets; a decline in gilt yields over the month more than made up for this. There was an increase in total scheme deficit from £236.6bn in March to £256.6bn in April with a corresponding small reduction in s179 funding ratio to 81.5% from 82.6%.…

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10 April 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-March 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. The steady improvement in universe funding through the early part of 2013 came to an end in March, with an increase in total scheme deficit from £201.5bn in February to £236.6bn with a corresponding small reduction in s179 funding ratio to 82.6% from 84.6%. This deterioration was driven by reductions in gilt yields over the month, largely due…

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12 March 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-February 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Estimated total scheme deficits continued the trend of consistent improvement through the early part of 2013, from £211.2bn as at end January to £201.5bn with a corresponding small improvement in s179 funding ratio to 84.6% from 83.7%. February’s improvement was driven by significantly positive asset returns, though a small increase in gilt yields had the effect of partially…

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12 February 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-January 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Estimated total scheme deficits once again improved during the first month of 2013, from £244.7bn as at end December 2012 to £211.2bn with a corresponding improvement in s179 funding ratio to 83.7% from 81.3%. January’s improvement was mostly due to the early year strong start to asset performance, though the effect of slightly increased gilts yields was also…

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8 January 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-December 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits fell slightly during the last month of 2012, from £252.5bn as at end November to £244.7bn at end December with a corresponding improvement in s179 funding ratio to 81.3% from 80.8%. Year on year has seen a small but not insignificant improvement in universe funding positions with the funding ratio rising from 78.9% at year…

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12 December 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-November 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits rose during the month, from £235.7bn as at end October to £252.5bn at end November with a corresponding decrease in s179 funding ratio to 80.8% from 81.7%. It is worth noting that the PPF have implemented a change from RPI to CPI for revaluation of relevant payments. This restatement took place with effective date at…

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