Press releases

PPF publishes s143 valuation assumptions consultation response

The Pension Protection Fund has today published its full response to its latest section 143 (s143) valuation assumptions consultation, which outlined proposals to allow marginally overfunded smaller schemes to use a bespoke discount rate for certain valuations during the assessment period.

PPF marks a productive year in its 2023/24 Annual Report

The Pension Protection Fund (PPF) has today published its 2023/24 Annual Report and Accounts, highlighting its strong investment performance and continued customer service excellence. 

PPF champions underrepresented talent during National Inclusion Week

Chief People Officer Katherine Easter at the Pension Protection Fund (PPF) has highlighted during National Inclusion Week the “enormous value” in supporting underrepresented talent kickstart their careers in the pensions industry.  

PPF appoints two new non-executive directors

The Pension Protection Fund (PPF) has announced the appointment of Simon Gadd and Sonia Gogna to its Board as non-executive directors from 1 September.

PPF proposes £100m as levy estimate for 2025/26

The Pension Protection Fund (PPF) has proposed a £100m levy estimate for 2025/26, the same as 2024/25, equalling the lowest levy ever set.

PPF focuses on progress in private markets data in latest TCFD report

PPF's latest TCFD report shares progress and activities in measuring and managing climate-related risks, opportunities, and key metrics. 

PPF-run consolidator needed to bolster DB endgame options; New fund could unlock c.£10 billion in UK investment

The Pension Protection Fund (PPF) has, in its response to the Department for Work and Pensions’ (DWP) consultation on Options for Defined Benefit (DB) Schemes, said more choice is needed to enable all DB schemes to capitalise on improved scheme funding and get endgame ready. 

PPF proposes bespoke S143 valuation assumption for smaller schemes

The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for securing PPF benefits with bulk annuity providers in the buyout market.  

PPF focuses on building the diversity of its leadership pipeline as it publishes seventh Diversity Pay Gap Report

The Pension Protection Fund  has today released its seventh Diversity Pay Gap report, restating its commitment to creating an inclusive workplace and continuing to make significant improvements to the diversity of its senior management. 

Michelle Ostermann appointed as CEO of The Pension Protection Fund

The Pension Protection Fund (PPF) today announces the appointment of Michelle Ostermann, a distinguished global pension executive, as its new CEO, succeeding Oliver Morley. 

PPF confirms 2024/25 levy halved to £100m

The Pension Protection Fund (PPF) has today announced its final levy rules for 2024/25 and confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24.

The Purple Book confirms accelerated improvement in defined benefit scheme funding

The Pension Protection Fund (PPF) has today published the Purple Book 2023, which showed a significant improvement in the net funding position of the universe of defined benefit (DB) pension schemes it protects in the past year.