The aggregate deficit of the 6653 schemes in the Pension Protection Fund's PPF 7800 index amounted to £21.8bn at the end June down from a surplus of £11.7bn at the end of May.
The lifeboat fund said this deficit relates to a funding ratio of 97.6% on a section 179 basis - noting total assets were £901.5bn and total liabilities amounted to £923.3bn. The index showed th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders