Press releases

PPF 7800 index – November 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

PPF 7800 index – October 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

PPF announces levy estimate for 2020/21

In a new consultation on how levies will be calculated for 2020/21, which launches today, the PPF proposed an unchanged approach to the levy rules for 2020/21.

PPF announces three new Board appointments

PPF Chairman, Arnold Wagner said: “I’m delighted that Rodney, Nailesh and Anna are joining the PPF Board, bringing a broad range of highly relevant knowledge and experience. Our commitment to deliver the best outcomes for pension schemes, members, and levy payers in volatile times remains resolute. In this, the first year of our three year strategic plan, our goal is to set new standards for service, innovation and assurance while combining the best of the private and public sector.

PPF 7800 index – September 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

PPF 7800 index - August 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

PPF 7800 index – July 2019

Highlights

PPF appoints Mike Ridley as Head of Restructuring and launches new guidance

The newly created role of Head of Restructuring marks an addition to the PPF’s in-house team which has played a leading role in many of the UK’s most high profile pension restructuring deals and insolvency events in recent years.

PPF reports strong investment performance in 2018/19

Despite significant market volatility, the PPF's investment return in the year to 31 March 2019 was 5.2 per cent and its assets under management grew from £30 billion to £32 billion.

PPF 7800 index – June 2019

The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £69.9 billion at the end of May 2019, from a deficit of £6.4 billion at the end of April 2019.

Comment on Arcadia Group Limited CVA vote

Oliver Morley, Chief Executive of the PPF said: “We’ve been working hard with the Pensions Regulator and scheme trustees to ensure that Arcadia increases the funding of the pension schemes to a level that will provide for the members and protect the PPF. 

PPF 7800 index - May 2019

The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £6.4 billion at the end of April 2019, from a deficit of £43.9 billion at the end of March 2019.