PPF 7800 index reveals £30.4bn fall in funding levels during July

The PPF 7800 index shows the position worsened from a surplus of £8.3bn at the end of June.

The lifeboat fund said scheme funding is worse than it was a year previously, in July 2007 there was a surplus of £83.3bn.

The total deficit of schemes in deficit in July 2008 is estimated to have worsened to £80.1bn from £63.1bn at the end of June 2008. In July 2007, the aggregate deficit of all schemes in deficit stood at £34bn.

In July 2008, the total surpluses of schemes in surplus fell to £56bn from £71.4bn at the end of June 2008. In July 2007, the total surplus of all schemes in surplus stood at £117.3bn.

The updated index can be viewed on the PPF website.