Press releases

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.

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.