View more on these topics

Deficit of DB schemes deepens to £242bn

The Pensions Protection Fund says the deficit of defined benefit pension schemes has worsened from a deficit of £205bn at end of February to £242bn at end of March.

The PPF index calculates the total assets minus liabilities of around 7,400 DB funds in the UK.

In March 2009, the total surpluses of schemes in surplus fell to £11bn from £13bn at the end of February 2009.

In March 2008, the total surplus of all schemes in surplus stood at £59bn.

Punter Southall principal David Cule says: “Today’s news from the PPF 7800 Index shows that in current conditions UK companies are required to provide at least £240bn of support for UK pension schemes – more if benefits are expected to be provided in full.

“This is significantly greater than the quantitative easing package put together and on a par with the level of support being put together for the UK banking system.”


Tax and figures

As we are in a new tax year, what do I need to be aware of in terms of the tax that I pay?

Pathfinder clears the way

HM Treasury and the FSA have launched their £12m Moneymadeclear pathfinder initiative in the North-East and North West, targeting up to 750,000 people by 2010.

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm