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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.

What are factors?

As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before, after or on your retirement date, and whether or not you take a tax-free lump sum.