A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation. This compensation may be lower than full scheme benefits.
It’s critical for us to be a diverse and inclusive place of work at all levels. We believe this will improve our performance and support our strategic priorities.
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.
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.
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.
The Pension Protection Fund (PPF) has today announced the appointment of Sara Protheroe, Chief Customer Officer, to its Board with immediate effect.
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