Tag: DB

17 July 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-June 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. June’s turbulence saw a significant net improvement in universe funding levels. The mid-month turmoil in growth asset markets had at least in part moderated by month end and gilt yields heavily increased over the month – for instance 10yr gilt yields rose by about 45bp in June – resulting in a heavy drop in the assessed current value…

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PPF 7800 DB Pension Scheme Funding Ratio – May 2013 12 June 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-May 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. May saw a significant improvement in universe funding levels, despite growth asset performance being largely flat – by far the main contributor was an increase in term interest rates (by way of an example, 10 year gilt yields increased by some 30bp over the month). There was a…

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16 May 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-April 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. April saw another dip in universe funding levels, despite a small positive return for assets; a decline in gilt yields over the month more than made up for this. There was an increase in total scheme deficit from £236.6bn in March to £256.6bn in April with a corresponding small reduction in s179 funding ratio to 81.5% from 82.6%.…

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10 April 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-March 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. The steady improvement in universe funding through the early part of 2013 came to an end in March, with an increase in total scheme deficit from £201.5bn in February to £236.6bn with a corresponding small reduction in s179 funding ratio to 82.6% from 84.6%. This deterioration was driven by reductions in gilt yields over the month, largely due…

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12 March 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-February 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Estimated total scheme deficits continued the trend of consistent improvement through the early part of 2013, from £211.2bn as at end January to £201.5bn with a corresponding small improvement in s179 funding ratio to 84.6% from 83.7%. February’s improvement was driven by significantly positive asset returns, though a small increase in gilt yields had the effect of partially…

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12 February 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-January 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Estimated total scheme deficits once again improved during the first month of 2013, from £244.7bn as at end December 2012 to £211.2bn with a corresponding improvement in s179 funding ratio to 83.7% from 81.3%. January’s improvement was mostly due to the early year strong start to asset performance, though the effect of slightly increased gilts yields was also…

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