The PPF’s monthly update on the financial health of almost 7800 defined benefit schemes shows a worsening of their overall position to a deficit of £19.6 billion in December 2007 as against £5.2 billion in November 2007. This compares with a reported aggregate surplus of £8.4 billion in December 2006.

To read the full January update click here, or visit  http://www.pensionprotectionfund.org.uk and follow the ‘PPF 7800’ link.