Press releases

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Results: 1 - 12 of 95

19.02.2021 | By Media team

New funding from the PPF forms part of £85m Monmouthshire Housing Association deal

The PPF’s funding is for 40 years and sits alongside £20m of flexible finance provided by existing lender Barclays. The funding package, delivered with advice from Savills Financial Consultants, allows...

08.02.2021 | By Media team

PPF celebrates local apprentices during National Apprenticeship Week

Since launching its apprenticeship programme in 2018, half of its cohort of 24 apprentices live in Croydon with the rest from surrounding boroughs, securing roles across the business in IT...

04.02.2021 | By Media team

PPF consults on changes to section 143 and section 179 actuarial assumptions

A recent review of the valuation assumptions showed they need updating to align with pricing in the bulk annuity market. The PPF is proposing several changes to bring these assumptions...

15.12.2020 | By Media team

PPF confirms supportive measures for levy payers following consultation

The announcement precedes the formal publication of the 2021/22 levy rules in January 2021, and confirms the PPF will: implement the small scheme adjustment, which halves levies for schemes with...

02.12.2020 | By Media team

The Purple Book reveals underfunding is rising as the DB universe continues to shrink

The Purple Book, also known as The Pensions Universe Risk Profile, is now in its 15th edition and gives the most comprehensive overview of the risks posed by the UK...

12.10.2020 | By Media team

Sara Protheroe awarded coveted OBE in Queen’s Birthday Honours List

Sara, who was recently appointed to the PPF Board and is the Chief Customer Officer, has been appointed an Officer of the Order of the British Empire (OBE) for services...

08.10.2020 | By Media team

PPF withstands market shocks in 2019/20

Investments return 5.2 per cent – the same as in 2018/19 – despite market turbulence caused by the Covid-19 pandemic, and assets grew from £32.1bn to £36.1bn. PPF reserves decreased...

29.09.2020 | By Media team

PPF consultation on levy rules for 2021/22 steers a steady course in difficult environment

The PPF’s strong funding position means no need to act to raise the levy now Targeted measures mean smallest schemes will see their levy halved and no scheme will pay...

13.07.2020 | By Media team

PPF supports struggling levy payers with payment extension

Schemes and sponsoring employers struggling due to COVID-19 can request extended payment terms for their 2020/21 levy invoices Up to 90 days will be provided, to pay the levy without...

26.05.2020 | By Media team

Pension bodies unite to reassure UK pension savers

The PPF has joined forces with the Department for Work and Pensions (DWP), Financial Services Compensation Scheme (FSCS), Money and Pensions Service (MaPS), the Pensions Regulator (TPR), the Financial Conduct...

18.05.2020 | By Media team

Pension Protection Fund appoints 11 firms to new Trustee and Support Services panel

By introducing the Trustee and Support Services panel, the PPF hopes to improve the pre and post insolvency experience for both members and trustees. A total of 11 specialist firms...

13.05.2020 | By Media team

PPF 7800 Index shows decline in aggregate deficit figure for April

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...