Private Pensions
Table 26: PPF funding levels of DB pension schemes [1], [2]
|
|
Deficit of schemes in deficit (£bn) |
Number of schemes in deficit |
Surplus of schemes in surplus (£bn) |
Number of schemes in surplus |
Aggregate balance (£bn) |
|
Mar-09 |
253.1 |
6,637 |
11.1 |
774 |
-242 |
|
Apr-09 |
204.8 |
6,429 |
16.4 |
953 |
-188.5 |
|
May-09 |
196.8 |
6,389 |
17.5 |
992 |
-179.3 |
|
Jun-09 |
215.8 |
6,461 |
15.7 |
920 |
-200.1 |
|
Jul-09 |
179 |
6,265 |
20.9 |
1,116 |
-158 |
|
Aug-09 |
194.6 |
6,304 |
21.4 |
1,077 |
-173.2 |
|
Sep-09 |
174.9 |
6,174 |
25.9 |
1,204 |
-148.9 |
|
Oct-09 |
135.1 |
5,867 |
37.5 |
1,511 |
-97.6 |
|
Nov-09 |
132.9 |
5,817 |
40.4 |
1,558 |
-92.5 |
|
Dec-09 |
90.7 |
5,364 |
58.1 |
2,009 |
-32.6 |
|
Jan-10 |
102.8 |
5,528 |
50.9 |
1,841 |
-51.9 |
|
Feb-10 |
79.5 |
5,191 |
64.4 |
2,171 |
-15.1 |
[1] PPF 7800 Index. Funding position calculated based on s179 basis. This is what would have to be paid to an insurance company to take on the payment of Pension Protection Fund levels of compensation. Please note that new actuarial assumptions took effect on 31 Oct ‘09 so figures for before Oct ’09 may not be directly comparable with those after Oct ‘09.
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