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Reminder: Only one week left to apply to the Financial Assistance Scheme

The Financial Assistance Scheme (FAS) will be closed to new applications from schemes from 1 September 2016. 

Pension Protection Fund announces levy estimate for 2019/20

Levy estimate for 2019/20 will be £500 million, down from £550 million in 2018/19

Alan Rubenstein to step down as Chief Executive of the Pension Protection Fund

The Pension Protection Fund announces that Alan Rubenstein has informed the Board that he intends to step down as Chief Executive of the organisation in early 2018.

Pension Protection Fund BHS Statement

Alan Rubenstein, Chief Executive, Pension Protection Fund (PPF) said “This settlement for the BHS pension schemes, agreed between Sir Philip, the Pensions Regulator and the trustees, with the involvement of the PPF relieves the PPF’s levy payers of the cost of meeting the initially reported shortfall.

Revised Actuarial Factors

The PPF has published revised actuarial factors to take effect from 1 October 2016.