Pension Protection Fund: PPF 7800 Index update
Monday, 12 May 2008 12:23
We have updated the PPF 7800 Index page to show the state of defined benefit pension scheme funding as at the end April. The updated index can be viewed by following the following link:
http://www.pensionprotectionfund.org.uk/index/ppf_7800_index.htm
Highlights this month include
The aggregate funding position (total assets minus total liabilities) of almost 7,800 DB funds is estimated to have improved to a surplus of £30.3 billion at end-April 2008, from a deficit of £23.6 billion at end-March 2008 (Chart 1 and Table 1). The April outturn is the first surplus in 4 months. Scheme funding is worse than it was a year previously (surplus of £88.3 billion in April 2007).
The total deficit of schemes in deficit in April 2008 is estimated to have improved to £55.5 billion from £81.3 billion at the end of March 2008 (Chart 3). In April 2007, the aggregate deficit of all schemes in deficit stood at £32.8 billion.
In April 2008, the total surpluses of schemes in surplus increased to £85.9 billion from £57.7 billion at the end of March 2008 (Chart 6). In April 2007, the aggregate surplus of all schemes in surplus stood at £121.1 billion.
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