Press releases

PPF hits key targets in 22/23 Annual Report

The Pension Protection Fund has today published its 2022-23 Annual Report and Accounts highlighting significant progress against its 2022-25 Strategic Plan.

PPF 7800 index - July 2023

This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF). 

PPF Chair commits to expand sustainability drive with new strategy

New strategy outlines four sustainability goals across Responsible Investment, Diversity & Inclusion, community impact, and operations and supply chains. 

PPF confirms updates to valuation assumptions

The Pension Protection Fund (PPF) has today published its consultation response, confirming it will go ahead with proposals to change the assumptions it uses for certain valuations which provide an estimated price for bulk annuity providers in the buyout market.

PPF confirms updates to valuation assumptions

PPF publishes annual diversity pay gap report

The Pension Protection Fund (PPF) has today released its sixth Diversity Pay Gap report which shows the progress it has made in addressing the imbalances in pay across gender and race. This year for the first time the report covers the PPF’s disability and long-term health condition pay gaps.

David Atkinson joins PPF board as Non-Executive Director

PPF Chair, Kate Jones said: “I’m delighted that David has joined our Board, bringing his extensive finance and risk management expertise, gained in both his executive and non-executive careers, to support our journey as we approach the next phase of our strategic plan and embrace the recommendations of DWP’s recent review.”

PPF proposes updates to valuation assumptions for buyout

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 bulk annuity providers in the buyout market. 

PPF confirms significant reduction in levy

PPF confirms significant reduction in levy following widespread support for consultation proposals on rules for 2023/24

The Purple Book 2022 published today

The Purple Book confirms further improvement in the funding position of the defined benefit pensions universe.

Progress on ESG risk disclosure, voting and climate focus

Pension Protection Fund reports improvements in ESG risk disclosure, new voting guidelines and increased focus on alignment with climate scenarios in latest Responsible Investment reports. 

PPF to significantly reduce levy as funding strategy review concludes

Schemes encouraged to use savings to strengthen scheme position.