The collective deficit of the UK's private sector final-salary pension schemes widened to £42bn in May 2010, from £2bn in April 2010, according to the PPF.
42 bn · collective deficit of UK private sector final-salary pension schemes2 bn · collective deficit of UK private sector final-salary pension schemes
Pension Protection Fund (PPF)
The combined deficit of UK private sector final-salary pension schemes stood at £179bn a year before May 2010 (i.e., May 2009), according to the PPF.
179 bn · combined deficit of UK private sector final-salary pension schemes
Pension Protection Fund (PPF)
Total scheme assets amounted to £895.8bn in May 2010, a 1.9% decrease over the month and a 15% increase over the year to May 2010, according to the PPF.
895.8 bn · total scheme assets1.9 % · total scheme assets15 % · total scheme assets
Pension Protection Fund (PPF)
Scheme liabilities increased by 2.4% over the month from £915bn in April 2010 to £937bn in May 2010, according to the PPF.
915 bn · scheme liabilities937 bn · scheme liabilities2.4 % · scheme liabilities
Pension Protection Fund (PPF)
The collective deficit of the UK's private sector final-salary pension schemes worsened in May, the Pension Protection Fund (PPF) said.
At the end of the month, the deficit of the 7,300 schemes it monitored widened to £42bn from just £2bn in April.
However, the position of the schemes is still better than a year ago, when their combined deficit stood at £179bn.
The PPF said the deterioration in the past month was due to the falling value of assets such as shares.
"Total scheme assets amounted to £895.8bn in May 2010, representing a decrease of 1.9% over the month and an increase of 15% over the year to May 2010," the PPF said.
"Meanwhile, scheme liabilities [the value of assets needed to pay pensions]... increased 2.4% over the month from £915bn in April 2010 [to £937bn]."
