2005
We opened our doors and received MG Rover as our first major claim.
2006
The first scheme transferred to us and payments were made to members.
We published our 1st Purple Book jointly with TPR.
2008
Our assets reached over £1bn (£1.45bn AUM at end of March 2008).
2009
We took on management of the Financial Assistance Scheme on behalf of DWP.
2010
We moved into a funding surplus with a future claims and risk reserves of £400m.
We launched our long-term funding strategy.
2011
Our first panel was established to transfer schemes more efficiently.
2012
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).
2013
We became a founding investor for the launch of the Pension Investment Platform (PIP).
2014
We started to bring our Member Services function in-house.
2015
We began insourcing more of our investment operations.
2016
We began bringing the Financial Assistance Scheme in-house.
The BHS pension schemes came into assessment.
We transferred our 1000th scheme into FAS.
2017
We paid out over £1bn in FAS compensation.
2018
We were awarded the ServiceMark accreditation for our customer service for the first time.
Carillion, Hoover and Toys ‘R’ Us all entered PPF assessment.
2019
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.
2020
Our PPF Member Forum met for the first time.
2021
PPF benefits paid annually surpassed £1bn.
Investment returns surpass levy as proportion of our funding.
2023
We halved the levy to £200m (from c£400m previous year).
2024
We were awarded the Institute of Customer Service's ServiceMark accreditation with Distinction.
We concluded our Hampshire / uncapping calculations and (where possible) payments.
2025
We set our lowest ever levy (£45m) and DWP confirmed it would consider the changes we need to further reduce the levy.