The deficit of the defined benefit pension schemes in the PPF 7800 continued to improve last month, according to figures published yesterday by the Pension Protection Fund.
In total, the aggregate deficit of the 6.432 schemes in the index is estimated to have been £222.2bn at the end of February. This compares to a deficit of £265.6bn at the endof January.
The funding ratio between schemes' assets and liabilities also continued its improvement, increasing from 79.5% in January to 82.4% in February. Schemes' total assets at the end of last month were £1041.3bn, and their total liabilities were £1,263.5bn.
In total, there were 5,235 schemes in deficit at the end of last month - compared to 5,388 a month earlier - and similarly the number of schemes in surplus increased - up from 1,044 in January to 1,197 in February.