We're delighted that the Financial Reporting Council (FRC) has confirmed the PPF continues to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a third consecutive year.
Dana Grey, who has been acting as interim Risk Director since October 2021, has been appointed to the CRO role permanently, leading both the Risk and Compliance teams.
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.
This month is Pride month. People from all around the world come together in love and friendship and celebrate how far Lesbian, Gay, Bisexual, Trans, Queer or Questioning + (LGBTQ+) rights have come.
Since our last update in December new court proceedings have started against us, seeking to challenge, among other things, our intended approach for calculating any increases due to our members as a result of the ruling.
The first PPF SME Forum, which took place at the end of February, saw representatives from DB schemes of small and medium-sized enterprises (SMEs), their advisers, representative bodies and the PPF gather together to discuss a range of topics from good customer service to measuring insolvency risk.
In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners. The information below is provided for anyone who still needs to refer to the previous situation.
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