Valuing difference and individuality is something we’re passionate about. We’ve already built a strong foundation, but at senior levels there is still work to be done.
The D&I strategy sets out the PPF’s ambitions, challenges and future plans as well as how progress is to be measured over the next five years, reflecting also on the achievements made so far.
There’s been recent speculation in the media implying that our levy payers will see a significant increase in levy bills this autumn due to COVID-19. We’d like to reassure you this is not the case.
We understand this is a very difficult time but if you're a member of a Debenhams defined benefit pension scheme you can be assured that your pension is protected by us.
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.
FAS payments are funded by the Treasury, so will not be affected by the difficult situation in financial markets. We’d also like to reassure you that we will be able to continue paying members as normal. Your usual payments will not change.
We’ve started to make increased payments to pensioners whose benefits fell below 50% of the value of their accrued benefits because of a combination of the compensation cap and other factors. We’re aiming to increase payments to the majority of pensioners in this group by the end of September 2020.
You need to allow cookies to view this video. Click the below link to manage your cookie settings and select "Targeting Cookies" on the left hand side.
