We opened our doors and received MG Rover as our first major claim.
The first scheme transferred to us and payments were made to members.
We published our 1st Purple Book jointly with TPR.
Our first 7800 Index Update was published as an official statistic.
Our assets reached over £1bn (£1.45bn AUM at end of March 2008).
We took on management of the Financial Assistance Scheme on behalf of DWP.
We moved into a funding surplus with a future claims and risk reserves of £400m.
We launched our long-term funding strategy.
Our first panel was established to transfer schemes more efficiently.
Over 100,000 members transferred to us.
The UK Coal Pension Scheme transferred to us as part of a restructure that saved 2,000 jobs.
We transferred our 500th scheme (Bland, Burgess & Heathershaw Ltd).
We became a founding investor for the launch of the Pension Investment Platform (PIP).
We started to bring our Member Services function in-house.
We began insourcing more of our investment operations.
We began bringing the Financial Assistance Scheme in-house.
The BHS pension schemes came into assessment.
We transferred our 1000th scheme into FAS.
We paid out over £1bn in FAS compensation.
We were awarded the ServiceMark accreditation for our customer service for the first time.
Carillion, Hoover and Toys ‘R’ Us all entered PPF assessment.
Our SME Levy Forum met for first time.
Over a quarter of a million members transferred to us.
We launched a digital transformation of our IT services.
Our PPF Member Forum met for the first time.
PPF benefits paid annually surpassed £1bn.
Investment returns surpass levy as proportion of our funding.
We halved the levy to £200m (from c£400m previous year).
We were awarded the Institute of Customer Service's ServiceMark accreditation with Distinction.
We concluded our Hampshire / uncapping calculations and (where possible) payments.
We set our lowest ever levy (£45m) and DWP confirmed it would consider the changes we need to further reduce the levy.
