PPF 7800 Index: April 2026

What This Means for Pension Schemes

The PPF 7800 Index for April 2026 shows an aggregate funding ratio of 130.8%, with an aggregate surplus of £263.8bn. Total assets stand at £1,161.3bn against liabilities of £887.6bn.

With aggregate funding above 110%, the DB universe is in historically strong health. Many schemes are now in a position to consider full buyout or run-off. Trustees should be actively engaging with insurers, as surplus positions create negotiating leverage that may not persist.