Purple Book 2019

hugheskevi · 17 January 2020 at 4:45PM

The Purple Book 2019 was published today by the Pension Protection Fund.

This is the definitive data source on private sector Defined Benefit pension schemes.

A few key/interesting points I noted:

Total DB pension scheme assets of over £1.6 trillion (this does not include LGPS)
A continuation of the switch in funding away from equities and toward bonds and hedge funds
A shortfall of almost £500bn to fully buy-out all schemes
A 14% decline in active membership since 2018, although there are still over 1 million active members accruing Defined Benefit pension in the private sector.
Almost 600,000 active private sector members of Defined Benefit schemes that are still open to new joiners
70% of the pension of members receiving PPF compensation are pre 1997 accruals, so donot receive increases. For deferred members it is 43%

JoeCrystal · 17 January 2020 at 7:39PM

Thanks for highlighting such an interesting booklet!

I am somewhat surprised that there are still that many active members still accruing the Defined Benefit pensions, more so that some schemes are open to new joiners!

Purple Book 2019

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