Press releases

Changes resulting from new bridging pension regulations

The Pension Protection Fund has today issued a new version of the section 179 valuation guidance.  The new guidance takes account of the regulations which came into force on 24th February 2018 in relation to step-down pensions. 

PPF comment on DWP White Paper ‘Protecting defined benefit pension schemes'

The Pension Protection Fund (PPF) is making changes to the actuarial assumptions used in s179 and s143 valuations, following a consultation.

PPF publishes revised Contingent Asset agreements and updated Guidance

The Pension Protection Fund has today published updated standard form contingent asset agreements along with revised guidance

PPF announces new legal panel

• Oliver Morley to be next Chief Executive at the PPF

Oliver Morley CBE appointed as next PPF Chief Executive

Oliver Morley to be next Chief Executive at the PPF. Officially takes up post on 19 March 2018.

PPF Confirms Levy Determination for 2018/19

PPF confirms Levy Estimate at £550 million for 2018/19

The Purple Book reveals increase in proportion of schemes closed to future Benefit Accrual

The Purple Book reveals increase in proportion of schemes closed to future Benefit Accrual.

Pension Protection Fund launches Consultation on Contingent Assets in the PPF Levy

The Pension Protection Fund (PPF) has today (Thursday) opened a short consultation relating to contingent assets in the PPF levy. This will be of particular interest to schemes and employers that are considering putting a contingent asset in place, those who currently have one in place, and those who advise on them.

Pension Protection Fund Levy Estimate 2018/19

Levy estimate for 2018/19 will be £550 million, 10 per cent lower than 2017/18 (£615 million)

PPF statement on the British Steel Pension Scheme

PPF statement on the British Steel Pension Scheme.

Alan Rubenstein to step down as Chief Executive of the Pension Protection Fund

The Pension Protection Fund announces that Alan Rubenstein has informed the Board that he intends to step down as Chief Executive of the organisation in early 2018.

PPF Annual Report shows robust performance in 2016/17

The Pension Protection Fund (PPF) has today reported a healthy financial position in its 2016/17 Annual Report and Accounts, in what has been an eventful year for pensions, including debate around the BHS pension scheme and a Green Paper on the future of defined benefit pensions.