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More Hampshire decisions confirmed

In our recent update about progress on uncapping PPF compensation, we still had to finalise whether to put a six-year time limit on arrears payments due to PPF and FAS pensioners. This followed the Court of Appeal’s judgments on the methodology for implementing the ECJ’s Hampshire decision and the PPF compensation cap. The Department for Work and Pensions (DWP) and our Board have now finalised those decisions.

What is The Purple Book?

Every year we publish comprehensive data and analysis of the UK’s defined benefit pension landscape in The Purple Book. But what does it tell us and how do we use it?

The Purple Book reveals improvement in scheme funding despite £129bn deficit

The Pension Protection Fund (PPF) has today published The Purple Book 2021.

Uncapping is a complex process

In September this year, we issued an update on our work to implement the Court of Appeal’s ruling that the compensation cap was unlawful, and to pay arrears to pensioners due increases as a result of the Hampshire ruling. 

PPF pays members £1billion in compensation in 2020/21 for the first time

The Pension Protection Fund (PPF) has paid out £1 billion in member compensation over the past financial year, as reported in its 2020/21 Annual Report and Accounts published today.

PPF launches tender to appoint specialist panel

The Pension Protection Fund (PPF) has today launched a tender for a new specialist panel which will provide transaction advice to schemes in PPF assessment which are overfunded on a PPF basis (PPF+).

Two pension funds acquire New Zealand forestry asset from Sinotrans

Transaction brings Wenita Forest Products completely under New Forests’ management.

Have your say on our 2022/23 levy rules

We’ve published our consultation on the proposed changes to our levy rules for 2022/23.

PPF consults on levy rules and announces £415m levy estimate for 2022/23

The PPF's strong funding position means levy rules remain stable for the 2022/23 levy year

Removing the compensation cap and paying arrears

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.