Scheme funding improves by £40bn in July

Jonathan Stapleton
clock

The aggregate funding position - total assets minus total liabilities - of defined benefit schemes improved by over £40bn over the last month, the Pension Protection Fund says.

The lifeboat fund said its PPF7800 index showed the aggregate deficit of UK schemes fell from £200.1bn at the end of June to £158.1bn at the end of July. However, this compares with a deficit of £18.8bn in July 2008. The PPF estimated the total deficit of schemes in deficit in July 2009 improved to £179.0bn from £215.8bn at the end of June 2009. It said, in July 2008, the aggregate deficit of all schemes in deficit stood at £77.7bn. The lifeboat fund calculated the total surpluses of schemes in surplus in July 2009 increased to £20.9bn from £15.7bn at the end of June 2009. In...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

'A problem at the very top': Adviser campaigns for better overseas advice guidance

'A problem at the very top': Adviser campaigns for better overseas advice guidance

When is it safe to say the QROPS solution is the right solution?

Isabel Baxter
clock 29 October 2025 • 5 min read
UK pension funds join forces with government to launch Sterling 20 initiative

UK pension funds join forces with government to launch Sterling 20 initiative

Chancellor joins 20 pension providers and insurers to drive growth across the UK

Holly Roach
clock 20 October 2025 • 5 min read
IHT on pensions pre-55 slammed as 'brutal'

IHT on pensions pre-55 slammed as 'brutal'

HMRC confirms those under minimum pension age will see IHT applied on their pots

Isabel Baxter
clock 12 August 2025 • 2 min read