The aggregate deficit of DB schemes has decreased from £252.2bn at the end of November 2012 to £244.7bn at the end of December 2012, the Pension Protection Fund (PPF) has estimated.
The position has also improved compared to a year earlier, when the deficit at 31 December stood at £268.9bn.
The funding level rose from 80.8 per cent to 81.3 per cent during December. Total scheme assets amounted to £1065.6bn and total liabilities stood at £1310.3bn, compared to respectively £1063.8bn and £1316.0bn at the end of November.
The number of schemes in deficit decreased from 5,205 to 5,173, representing 81.9 per cent of the total 6,316 DB schemes. The number of schemes in surplus increased to 1,143 from 1,111 a month earlier.
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