Press releases

PPF confirms levy determination for 2022/23

The PPF confirms levy rules for 2022/23 as set out in September’s consultation including continuation of measures to support schemes and employers through the pandemic

The Purple Book reveals improvement in scheme funding despite £129bn deficit

The Pension Protection Fund (PPF) has today published The Purple Book 2021.

PPF pays members £1billion in compensation in 2020/21 for the first time

The Pension Protection Fund (PPF) has paid out £1 billion in member compensation over the past financial year, as reported in its 2020/21 Annual Report and Accounts published today.

PPF launches tender to appoint specialist panel

The Pension Protection Fund (PPF) has today launched a tender for a new specialist panel which will provide transaction advice to schemes in PPF assessment which are overfunded on a PPF basis (PPF+).

Two pension funds acquire New Zealand forestry asset from Sinotrans

Transaction brings Wenita Forest Products completely under New Forests’ management.

PPF consults on levy rules and announces £415m levy estimate for 2022/23

The PPF's strong funding position means levy rules remain stable for the 2022/23 levy year

PPF extends 90-day levy payment window for schemes impacted by COVID-19

The Pension Protection Fund (PPF) has today confirmed it will continue to support levy payers impacted by COVID-19 by offering up to 90 days interest free to pay their 2021/22 levy bill

Launch of all-staff Dementia Friends training programme

The Pension Protection Fund (PPF) is rolling out Dementia Friends awareness sessions to all of its staff from Monday 17 May, to coincide with the start of Dementia Action Week from 17 – 23 May. 

First Diversity Pay Gap report published

The PPF’s publication of its ethnicity figures makes it one of the first organisations in the pensions industry to announce the difference in the hourly rates of pay and bonus pay between white ethnic minority employees. 

New funding from the PPF forms part of £85m Monmouthshire Housing Association deal

The PPF’s funding is for 40 years and sits alongside £20m of flexible finance provided by existing lender Barclays.

PPF celebrates local apprentices during National Apprenticeship Week

Since launching its apprenticeship programme in 2018, half of its cohort of 24 apprentices live in Croydon with the rest from surrounding boroughs, securing roles across the business in IT, administration and member services.

PPF consults on changes to section 143 and section 179 actuarial assumptions

A recent review of the valuation assumptions showed they need updating to align with pricing in the bulk annuity market.