Tag: PPF

11 October 2011 The Pension Protection Fund produces a monthly index update (the October release has data taken as at 31 September) of the estimated funding position of the DB schemes potentially eligible for entry into the Fund. Total scheme deficits showed an increase from £117.5bn as at end August to £196.4bn as at end September : an almost doubling, though it is inevitable that this figure will be volatile (being the difference between two much bigger numbers: assets vs liabilities). The PPF universe aggregate funding ratio continued to fall from 89.2% to 83.1%. The fall in funding levels has…

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13 September 2011 The Pension Protection Fund produces a monthly index update (the September release has data taken as at 31 August) of the estimated funding position of the DB schemes potentially eligible for entry into the Fund. Total scheme deficits showed an increase from £67.3bn as at end July to £117.5bn as at end August. This increase was somewhat smaller than the £60bn increase last month, but nevertheless is not welcome news. The PPF’s universe aggregate funding ratio fell to 89.2% from 93.7%. As we expected, the fall in funding levels has occurred both due to a decrease in…

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11 August 2011 The Pension Protection Fund produces a monthly index update (the August release has data taken as at 31 July) of the estimated funding position of the DB schemes potentially eligible for entry into the Fund. Total scheme deficits showed an increase from £8.3bn as at end June to £67.3bn as at end July. The liability calculations are worked on a s179 basis which approximates to the cost of having an insurance company take on the schemes’ payments but at the PPF’s level of benefit coverage. The change in deficit is only partly due to asset falls :…

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