Welcome to the PPF

It's our duty to protect people with a defined benefit pension when an employer becomes insolvent. We manage £31 billion of assets for our 289,000 members.

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Our latest news and blogs

News and blogs

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19.03.2026 | By News editor

We’ve published our Diversity Pay Gap Report 2025

Today we’ve published our Diversity pay gap report 2025, outlining our gender, ethnicity, and disability and long-term health condition pay gaps.

18.03.2026 | By News editor

We've finalised our levy rules for 2026/27

We've published our levy policy statement and final rules for 2026/27, setting out the details of our earlier announcement that confirmed we won’t charge conventional schemes a PPF levy next year.

10.03.2026 | By News editor

PPF confirms Richard Beaven as Acting Chief Executive following the departure of Michelle Ostermann

The Pension Protection Fund (PPF) has today announced that Michelle Ostermann has stepped down as Chief Executive after two years with the organisation. Richard Beaven, currently Chief Operating Officer has been appointed Acting Chief Executive with immediate effect and has been appointed to the PPF Board as Executive Director.

Information on pre-97 indexation

In November 2025, the government announced that it intended to change the law to enable the payment of inflation increases – also known as indexation – on pension benefits accrued before April 1997, for PPF and Financial Assistance Scheme (FAS) members.

We've published answers to the most frequently asked questions that we've received on pre-97 indexation.

DB Pension Scheme of the year

We were named DB Pension Scheme of the Year at the Pensions Age Awards 2026.

This recognition reflects our long‑term commitment to delivering security for our members and the disciplined, innovative investment strategy that underpins our work.

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