Baroness Altmann – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Baroness Altmann on 2016-10-10.

To ask Her Majesty’s Government what analysis they have conducted into changes in the aggregate funding levels of UK defined benefit pension schemes over the past two years for (1) FTSE 100 companies, (2) FTSE 350 companies, and (3) small firms and charities, on (a) a technical provisions basis, and (b) a section 179 basis.

Lord Freud

The Pensions Regulator (TPR) and the Pensions Protection Fund (PPF) regularly publish information on Defined Benefit (DB) pension schemes’ funding levels. In addition, a number of other organisations also produce analysis of the impacts of DB pensions using a variety of measures. Over the past two years we have been using this information to closely monitor changes in the aggregate funding levels of UK DB pension schemes.