A busy month for the Pensions Protection Fund (PPF) saw the lifeboat win a significant High Court case, publish proposals for a change to levy calculations and reveal its deficit had doubled in a year.
Liabilities of UK final salary schemes exceeded £1trn for the first time during August, according to the latest update from the Pension Protection Fund’s (PPF) 7800 Index.
The Pension Protection Fund’s (PPF) 7800 Index has revealed a £40bn increase in pension deficits for March, with the combined shortfall of those in deficit exceeding £250bn.
The potential liabilities of the Pension Protection Fund (PPF) have soared after the aggregate deficit of UK schemes deteriorated to record levels last month.