Celebrating 20 years of protecting people’s futures

Since we opened our doors in 2005, we’ve successfully protected millions of people’s pensions. We’ve grown from a small start-up to an organisation that is now highly regarded in the UK pensions industry.  

We’re proud to protect the £1tr+ defined benefit (DB) pensions universe, acting as backstop for 9 million DB pension scheme members, and to provide peace of mind and financial stability to over half a million PPF and FAS members, who are financially better off because of our protection.  

Before we were set up, there was no protection for DB pensions when employers failed. Holidays were better protected than pensions, and many people faced the risk of financial hardship in retirement. 

Over the last 20 years, we have:

• Ensured over half a million PPF and FAS members have been financially better off because of our protection, while providing excellent, award-winning customer service.
• Become a trusted partner to Government, by becoming increasingly self-sufficient, investing heavily in the UK, and fulfilling our mission whilst providing good value for money.
• Supported schemes and corporate sponsors by reducing the levy. Next year’s estimate of £45m will be our lowest ever levy.
• Created a values-driven culture and fostered a diverse and inclusive workplace which empowers and provides opportunity to our employees.
• Given back to our local community through our volunteering and fundraising work and providing rewarding career opportunities and apprenticeships for local people.

“I’m so proud of where the PPF is today and what it has achieved over the last 20 years,” said Michelle Ostermann, our Chief Executive Officer.

“I long admired it as an organisation before I became CEO last year, as a world-class scheme making a huge difference to the lives of many people. As one of only a handful of similar organisations worldwide, we play a vital role in the UK and global pensions sector – not only drawing on best practice but actively contributing to it.

“The expertise, operational excellence, and reputation we have built up put us in a remarkable position to step up and help create a better UK pensions system, and to give many more people greater financial security in retirement. I look forward to seeing what the next 20 years brings.”

Find out more about how we’ve delivered for those who rely on us: