DB Pensions – End-April 2013 PPF 7800 deficit
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%.…