UK DB pension deficits fall

The aggregate deficit of private sector defined benefit (DB) pension schemes potentially eligible for entry to the Pension Protection Fund (PPF) decreased in February 2013, according to research by the PPF.

The PPF 7800 index found that the aggregate deficit of 6,316 schemes decreased from £211.2 billion at the end of January 2013, to £201.5 billion at the end of February 2013.

The report also found that:

  • The funding ratio increased from 83.7% to 84.6%.
  • Total assets were £1104.6 billion and total liabilities were £1306.1 billion.
  • 4,973 schemes were in deficit and 1,343 schemes were in surplus.