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PPF 7800 Index Update

The PPF 7800 Index has been updated to the end of June 2010.
 
The PPF 7800 index provides estimates of scheme funding on one particular basis - section 179 (s179).  This is, broadly speaking, what would have to be paid to an insurance company to take on the payment of PPF levels of compensation, which may be lower than full scheme benefits. Movements in the PPF 7800 index illustrate how the PPF’s exposure to the scheme deficits in its universe is changing in response to financial market movements.
 
 
Highlights from this update:
  • The aggregate deficit of all 6,653 schemes in the PPF 7800 index stood at £21.8 billion at the end of June 2010. This relates to a funding ratio of 97.6 per cent.
  • Total assets were £901.5 billion and total liabilities were £923.3 billion.
  • There were 4,420 schemes in deficit and 2,233 schemes in surplus.
  • This month’s estimates are based on a more up-to-date dataset which has the effect of improving estimated scheme funding throughout by around £50 billion.

[Published: 13 July 2010]

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