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Private Pensions

Table 24: 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)

Apr-13

248

4,887

33

1,318

-214

Jul-13

170

4,358

53

1,792

-117

Oct-13

142

4,127

62

2,023

-80

Jan-14

126

3,920

71

2,230

-55

Apr-14

123

3,869

76

2,219

-47

Jul-14[3]

149

4,129

63

1,928

-86

Oct-14

204

4,512

50

1,545

-154

Jan-15

320

4,964

34

1,093

-285

Apr-15

274

4,684

42

1,298

-232

Jul-15

245

4,515

47

1,430

-197

Oct-15

277

4,687

40

1,258

-237

Jan-16

274

4,646

43

1,299

-231

Apr-16

285

4,577

49

1,268

-235

Jul-16

333

4,629

48

1,165

-284

Oct-16

399

4,731

44

1,063

-354

Jan-17[4]

274

4,291

69

1,503

-205

Apr-17

288

4,249

72

1,476

-217

Jul-17

229

3,869

93

1,719

-136

Oct-17

215

3,757

101

1,831

-113

Jan-18

194

3,622

113

1,966

-81

Apr-18

200

3,680

110

1,908

-90

 


[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.

[2] For further information see http://www.pensionprotectionfund.org.uk/Pages/PPF7800Index.aspx

[3] Actuarial assumptions changed in May 2014

[4] Actuarial assumptions changed in December 2016

 

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