PPF 7800 funding ratio hits 15-year high amid rise in bond yields
The health of UK DB schemes has steadily improved since the start of Covid-19
Big improvement in bond yields help index record highest funding level in nearly 15 years
PPF 7800 finds a big fall in funding over November but aggregate surplus remains
Small deterioration in funding level recorded by PPF 7800 Index
Overfunding is at its highest since 2007 on a section 179 basis, PPF index reveals
PPF index finds a 104.7% funding level, although 2,483 schemes remain in deficit
Aggregate funding level drops to 103.5% but number of schemes in deficit rises by 176
Latest TPR analysis comes after a rocky year for DB funding
Aggregate funding hits tenth best position and highest since global financial crisis