DB Pensions – End-September 2012 PPF 7800 deficit

PPF 7800 DB Pension Scheme Funding Ratio - September 2012Data: PPF

22 October 2012
The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-September 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.

Total scheme deficits fell very slightly during the month, from £280.3bn as at end August to £229.1bn at end September with a corresponding small improvement in s179 funding ratio to 82.3% from 79.1%.

Whilst it was true that return-seeking asset values rose during the month, by the larger contributor to improved performance came from the increase in yields during the period, with 20yr conventional yields increasing by some 10bp. This increase has continued in the early part of October promising the likelihood of a further improvement at this month end.

A full report is provided by the PPF at this external page

Over to You:

  • If you found this content useful, please feel free to share it using the buttons at the bottom of the webpage
  • If you’d like to be kept in touch with my writings as they are published, please subscribe to my Mailing List
  • If you think I might be able to help your business with your pensions related challenges – please email or call me

Author: Martin Veasey
© www.veaseyassociates.co.uk 2011 – 2020

Comments are closed.