Article summary
The Pension Protection Fund (PPF) has published the Purple Book 2021, which gives a comprehensive overview of the risks posed by the UK defined benefit (DB) schemes protected by PPF. The Book indicates an increase from 7.9% to 102.8% of the aggregate funding ratio, however, almost 50% of schemes remained in deficit on 31 March 2021. According to the Purple Book, the deficit of schemes in deficit is the biggest risk posed, currently standing at £129bn.
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