PPF 7800 deficit hits £21.8bn in June

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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...

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