The Pension Protection Fund (PPF) has announced today that it is 84 per cent confident of achieving self-sufficiency by 2030, but recognised that uncertainty remains as a result of the current economic climate.

In its latest strategic plan for the next three years, the lifeboat fund stated that with scheme deficits remaining near record lows, alongside low bond yields and slow economic growth, it may be appropriate to review the time horizon of the overall funding strategy.

Latest statistics show that 176,000 members are in compensation with the PPF and 146,000 are in assessment. Over 400,000 members are expected to be in assessment or compensation by 31 March 2016. Total assets of the PPF have reached £22bn and it revealed that it is now equivalent in size to one of the five largest pension funds in the country.

A total of 120 new cases are estimated to enter assessment in 2013/14 with the PPF’s outsourced delivery services rising from £85.2m in 2012/13 to £151.2m in 2015/16.

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