06.12.2024
The PPF, ONS and TPR have worked alongside each other for many years, with increasing closeness since autumn 2022, to understand the differences between our respective datasets on DB pension schemes.
Earlier this year, the Work and Pensions Committee published its DB pension schemes report, which included a recommendation that the PPF and TPR should continue to work with the ONS to reach an understanding of the funding position of DB schemes and publish the results.
The joint statement published today acknowledges, and summarises, the different approaches taken to both data collection and how the data is processed by the three organisations, making this as clear as possible to those that use the data. Additionally, it highlights changes that we and TPR have made to the methodologies we respectively use to calculate scheme funding data.
We will continue to work together on an ongoing basis and expect our datasets will show greater alignment in future based on our collaboration and proposed changes.
Read the joint statement on the ONS website.
