PPF deficits rise in July as capital markets fall

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Aggregate deficits of schemes monitored by the Pension Protection Fund worsened last month, increasing to £67.3bn from £8.3bn at the end of July.

It means the funding ratio for the 6,533 schemes in the PPF 7800 Index fell from 99.2% to 93.7%, with total assets at £1001.4bn and liabilities at £1068.7bn. Out of these, 4,684 schemes were in ...

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