
Pension scheme funding improves amid renewed Middle East conflict – PPF
The Pension Protection Fund (PPF) 7800 Index showed the aggregate surplus grew by £7.3bn, reaching £271.3bn at the end of July.

The Pension Protection Fund (PPF) 7800 Index showed the aggregate surplus grew by £7.3bn, reaching £271.3bn at the end of July.

The consultation focuses on proposed changes to the assumptions used for valuations under sections 143 and 179 of the Pensions Act 2004.

The number of schemes in surplus fell by 6, down from 3,826 to 3,820.
The funding ratio stayed at 131.2% and total scheme assets rose by 2.0% to £1,109.6bn, while total liabilities also went up 2.0% to £845.8bn.

DWP appointed Joanne Segars OBE as the new chair of the Pension Protection Fund (PPF), starting 1st July 2026.

Total scheme assets dropped by 4.8% to £1,105.0bn, while total scheme liabilities were down 5.2% to £841.2bn.

The report found that the gender pay gap narrowed over the year, and female representation in senior management went above the 50% target.

The Pension Protection Fund (PPF) 7800 index showed the aggregate surplus rose by £8.1bn to £273.7bn.

The final rules for the 2026/27 levy will be published next month.

The Pension Protection Fund (PPF) 7800 Index figures for February 2026 showed a £265.6bn surplus, up by £5.9bn from the previous month.

The number of PPF-eligible schemes fell from 4,974 to 4,840, with membership dropping from 8.8 million to 8.6 million.

Reeves said: “I will index for inflation on pensions accrued before 1997 in the PPF and the FAS, so that people are not left worse off by inflation.”
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