Press releases

PPF 7800 index - February 2019

The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £23.1 billion at the end of January 2019, from a deficit of £31.9 billion at the end of December 2018.

Pension Protection Fund publishes 2018 Gender Pay Gap report

At 31 March 2018 the PPF’s median gender pay gap stood at 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017). The mean pay gap is 23.67 per cent (24.97 per cent in 2017); the organisation’s median bonus gap is 30.55 per cent (24.11 per cent in 2017) and the mean bonus gap is 59.12 per cent (64.26 per cent in 2017). This is the PPF’s second year of reporting.

PPF confirms levy determination for 2019/20

Following the consultation launched in September, the Pension Protection Fund (PPF) has today published its final levy rules for the 2019/20 levy year.

PPF 7800 index - December 2018

This month there are two updates to the way the PPF 7800 index is calculated:

The PPF Purple Book reveals significant risk in the defined benefit universe

In the thirteenth edition of the Purple Book, the Pension Protection Fund (PPF) points to significant risk in the defined benefit (DB) pension universe.

Pension Protection Fund announces levy estimate for 2019/20

Levy estimate for 2019/20 will be £500 million, down from £550 million in 2018/19

PPF consults on changes to S143 and S179 assumptions

The Pension Protection Fund (PPF) has published a consultation document proposing changes to the actuarial assumptions used in s179 and s143 valuations.

PPF demonstrates continued financial strength

The Pension Protection Fund (PPF) has today reported a robust performance as it published its 2017/18 Annual Report and Accounts.

The Pension Protection Fund publishes its guidance on Company Voluntary Arrangements

The Pension Protection Fund (PPF) has published its guidance on Company Voluntary Arrangements (CVA).

PPF appoints Claire Curtin as Head Of ESG

PPF Chief Investment Officer, Barry Kenneth commented: “It’s great to welcome Claire into her new role as Head of ESG. Claire’s experience of working and communicating with institutional investors across a wide range of asset classes as well as a deep technical understanding of ESG issues will help grow and evolve our investment function. Attracting professionals of Claire’s calibre to join our team is an endorsement of where we are going.”

PPF appoints Stephen Wilcox as Chief Risk Officer

The Pension Protection Fund (PPF) has today  confirmed that Stephen Wilcox has joined the organisations as its new Chief Risk Officer. Stephen will be responsible for all the PPF’s risk functions.

PPF appoints two new non-executive directors

The Pension Protection Fund (PPF) announced today (30 April, 2018) the appointment of Chris Cheetham and Emmy Labovitch to its Board as Non-Executive Directors.