UK pension funds' surplus grows

Coins The PPF releases figures on the collective state of pension schemes every month

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.

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