Press releases

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.

PPF confirms supportive measures for levy payers following consultation

The announcement precedes the formal publication of the 2021/22 levy rules in January 2021

The Purple Book reveals underfunding is rising as the DB universe continues to shrink

The Purple Book, also known as The Pensions Universe Risk Profile, is now in its 15th edition.

Sara Protheroe awarded coveted OBE in Queen’s Birthday Honours List

Sara, who was recently appointed to the PPF Board and is the Chief Customer Officer, has been appointed an Officer of the Order of the British Empire (OBE) for services to pensioners.

PPF withstands market shocks in 2019/20

Investments return 5.2 per cent – the same as in 2018/19 – despite market turbulence caused by the Covid-19 pandemic, and assets grew from £32.1bn to £36.1bn. 

PPF consultation on levy rules for 2021/22 steers a steady course in difficult environment

The PPF’s strong funding position means no need to act to raise the levy now

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.