Press releases

PPF supports struggling levy payers with payment extension

The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interest free to pay their 2020/21 levy bill. 

Pension bodies unite to reassure UK pension savers

The PPF has joined forces with the Department for Work and Pensions (DWP), Financial Services Compensation Scheme (FSCS), Money and Pensions Service (MaPS), the Pensions Regulator (TPR), the Financial Conduct Authority (FCA) and the Pensions Ombudsman to create the guide for pension savers.

Pension Protection Fund appoints 11 firms to new Trustee and Support Services panel

By introducing the Trustee and Support Services panel, the PPF hopes to improve the pre and post insolvency experience for both members and trustees.

PPF 7800 Index shows decline in aggregate deficit figure for April

A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation. This compensation may be lower than full scheme benefits.

PPF launches five-year Diversity & Inclusion strategy

The D&I strategy sets out the PPF’s ambitions, challenges and future plans as well as how progress is to be measured over the next five years, reflecting also on the achievements made so far.

PPF announces appointment of Sara Protheroe to the Board

The Pension Protection Fund (PPF) has today announced the appointment of Sara Protheroe, Chief Customer Officer, to its Board with immediate effect.

PPF will ‘go-live’ with Dun & Bradstreet insolvency risk scores in April

Respondents to the PPF’s recent levy consultation welcomed the introduction of the new services developed with Dun & Bradstreet with some small scale improvements

PPF publishes 2019 Gender Pay Gap report

As of 31 March 2019 our median gender pay gap stood at 13 per cent (17 per cent in 2018). The mean pay gap is 22.5 per cent (23.5 per cent in 2018); the median bonus gap is 30.5 per cent (unchanged from 2018) and the mean bonus gap is 66 per cent (59 per cent in 2018).

PPF announces firms appointed for new Framework Agreement

The announcement marks the conclusion of a three month procurement process during which applicants were asked to submit their bids.

PPF appoints Lisa McCrory as Chief Finance Officer

The Pension Protection Fund has announced that Lisa McCrory has been appointed as its new Chief Finance Officer (CFO). Lisa will now be responsible for leading the PPF’s actuarial financial management, finance, commercial and internal audit departments and will do this alongside her current role as Chief Actuary.

The Purple Book 2019 highlights link between underfunding and investment risk

The Purple Book, published by the PPF, gives the most comprehensive picture available of the risks faced by DB schemes in the UK.

PPF 7800 index - January 2020

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).