PPF reveals £60bn improvement in scheme funding levels

The lifeboat fund's PPF7800 index - which tracks the performance of nearly 7400 schemes - said the improvement meant the total deficit in UK pension funds had fallen to £32.6bn at the end of December last year. This compares to a deficit of £92.5bn at the end of November last year - and a shortfall of £190.6bn at the end of 2008. The PPF said the total deficit of schemes in deficit in December is estimated to have improved to £90.7bn from £132.9bn at the end of November. In December 2008, the aggregate deficit of all schemes in deficit stood at £208.7bn. It added the total surpl...