Dunfermline Building Society

Brian Spence

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Had a look at the Society’s accounts for 2007 and at 31 December there was an FRS17 liability of £32.9 versus assets of £25.7.  £16.2 million was in equities so will be worse now.

Looks like a likely new entrant to the PPF unless there is a very substantial element of the liabilities that exceed the cap for compensation.

Brian Spence

Post by Brian Spence

Fellow of the Institute and Faculty of Actuaries and Society of Actuaries in Ireland, scheme actuary, professional pension trustee