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The Actuary The magazine of the Institute & Faculty of Actuaries

PPF 7800 pension deficit hits £117.5bn

The combined shortfall for the 6,533 schemes rose from £67.3bn on a section 179 basis at the end of July to £117.5bn by the end of August.

Total assets stood at £974.2bn while total liabilities were at £1,091.6bn with an average funding ratio of 89.2% - down from 93.7% the previous month.

There were 5,012 schemes in deficit and 1,521 schemes in surplus.

The full update can be found here