PPF publishes April 2019 updates to estimated funding position of schemes
Since July 2007 the Pension Protection Fund has published the latest estimated funding position, on a s179 basis, for the defined benefit schemes in its eligible universe.
April 2019 Update Highlights
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £43.9 billion at the end of March 2019, from a deficit of £8.6 billion at the end of February 2019.
The funding level decreased from 99.5 per cent at the end of February 2019 to 97.4 per cent.
Total assets were £1,649.1 billion and total liabilities were £1,693.0 billion.
There were 3,267 schemes in deficit and 2,183 schemes in surplus.
The PPF 7800 index is published on the second Tuesday of every month, and the PPF publishes The Purple Book each year.
Please note that this document was prepared by a third party and as such Brewin Dolphin is not responsible for the content or able to answer queries on the topics dealt with. While we believe it to be correct at the time of writing, Brewin Dolphin is not a tax adviser and tax law is subject to frequent change. Therefore you should not rely on this information without seeking professional advice from a qualified tax adviser, who should also be able to assist you with any questions on the content.
This document was prepared as a general guide only and does not constitute tax or legal advice.