Cymraeg

The PPF 7800 Index

Following the publication of the PURPLE book in December 2006, the Pension Protection Fund publishes monthly updates providing the latest estimated funding position, on a s179 basis, of almost 7,783 predominantly private sector defined benefit (DB) pension schemes in the UK. This is called the PPF 7800.

The estimates are based on scheme valuation data, which has been adjusted to consistent dates on an approximate basis, using changes in market indices for principal asset classes, and the fixed interest and index-linked gilt yields used to value liabilities.The s179 basis is, broadly speaking, what would have to be paid to an insurance company to take on the payment of Pension Protection Fund levels of compensation.

July 2008 - Highlights

The aggregate funding position (total assets minus total liabilities) of almost 7,800 DB funds is estimated to have worsened over the month to a surplus of £8.3 billion at end-June 2008, from a surplus of £53.4 billion at end-May 2008 (Chart 1 and Table 1). Scheme funding is worse than it was a year previously (surplus of £130.4 billion in June 2007).
The total deficit of schemes in deficit in June 2008 is estimated to have worsened to £63.1 billion from £45.7 billion at the end of May 2008 (Chart 3 and Chart 4). In June 2007, the aggregate deficit of all schemes in deficit stood at £22.3 billion.
In June 2008, the total surpluses of schemes in surplus fell to £71.4 billion from £99.0 billion at the end of May 2008 (Chart 6). In June 2007, the aggregate surplus of all schemes in surplus stood at £152.7 billion.

View the full July 2008 update and charts

View the underlying data used for the PPF 7800 updates

June 2008 update

May 2008 update

April 2008 update

March 2008 update

February 2008 update

January 2008 update

December 2007 update

November 2007 update

October 2007 update

September 2007 update

August 2007 update

July 2007 update

The PURPLE Book was published in December 2006 pulling together data and analysis on the DB landscape in order to provide the industry with a much needed single credible information source. It will be published annually.