We’re proud to report an increase in the number of women in our senior management roles and to have achieved 48% female representation at senior management level.
On 23 February 2024, the Department for Work and Pensions (DWP) published its consultation, ‘Options for DB schemes.' This is a consultation on aspects of private sector Defined Benefit schemes, which seeks stakeholder feedback for the future pensions market.
In our Long-Term Funding Strategy review, published today, we’ve set out a revised funding objective and new priorities. As we enter a new stage of our funding journey, we’re now able to reduce the total amount of levy we charge without risking the long-term security of our members’ benefits.
In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination. They supported our approach to increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case. We’ve been working on how to implement it.
I’m delighted to announce that Rodney Norman, Nailesh Rambhai and Anna Troup are joining our Board, bringing a broad range of highly relevant knowledge and experience.
As part of World Autism Awareness Week, we’re showing our support this Autism Awareness Day. We aim to be an employer of choice, and that means being accessible to everyone.
The awards are open to those working for firms operating in the UK's occupational pensions industry, as well as those either working for or governing individual occupational pension schemes.
Our consultation setting out our plans for the 2021/22 levy rules closed on 24 November. We’re confirming key decisions before we publish the formal levy rules in January.
We’ve published our Annual Report and Accounts 2022/23, which looks back at our achievements and challenges over the last financial year, outlines our financial performance and describes our progress against our strategic objectives.
We’ve published our Responsible Investment (RI) report, which highlights how our key stewardship and governance activities contribute towards positive financial, societal and environmental outcomes.
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