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PPF 7800 index update

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Monday, 13, Oct 2008 12:00

We have updated the PPF 7800 Index page to show the state of defined benefit pension scheme funding as at the end of September. The updated index can be viewed by following this link:

http://www.pensionprotectionfund.org.uk/index/ppf_7800_index.htm

Highlights include:

  • The aggregate funding position (total assets minus total liabilities) of almost 7,800 DB funds is estimated to have worsened over the month to a deficit of £80.3 billion at end-September 2008, from a deficit of £36.7 billion at end-August 2008 (Chart 1 and Table 1). Scheme funding is worse than it was a year previously (there was a surplus of £75.1 billion in September 2007).

  • The total deficit of schemes in deficit in September 2008 is estimated to have worsened to £113.5 billion from £91.6 billion at the end of August 2008 (Chart 3 and Chart 4). In September 2007, the aggregate deficit of all schemes in deficit stood at £38.4 billion.

  • In September 2008, the total surpluses of schemes in surplus fell to £33.2 billion from £54.9 billion at the end of August 2008 (Chart 6). In September 2007, the total surplus of all schemes in surplus stood at £113.5 billion.

    For further press information contact: Ana Moreno on 020 8633 4932/ 07961 957 480 or Richard Hunt on 020 8633 5931/0789 425 5561.

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    PPF 7800 Index update

    We have updated the PPF 7800 Index page to show the state of defined benefit pension scheme funding as at the end of October.