UK pension funds' surplus grows
- 8 February 2011
- From the section Business
The finances of the UK's pension schemes improved in January, according to figures from the Pension Protection Fund (PPF).
The UK's 6,560 final-salary schemes in the private sector saw their collective surplus grow from £21.7bn in December to £46.1bn in January.
There were 3,696 schemes in deficit and 2,864 in surplus, the PPF said.
The figures are relatively volatile, with the schemes recording a deficit just two months earlier.
In January 2009, there was a collective deficit of £12.7bn.
The PPF operates the safety net for members of pension schemes if these schemes collapse.