Press releases

PPF confirms zero levy for 2025/26

The Pension Protection Fund (PPF) has today announced that it will not charge a conventional PPF levy this year (2025/26). The move will benefit c.5,000 defined benefit (DB) schemes in the UK, saving them and their sponsoring employers collectively £45m.

PPF marks 20 years of protection and achievement in its 2024/25 Annual Report

The Pension Protection Fund (PPF) has today published its 2024/25 Annual Report and Accounts, marking its 20th anniversary with a year of strong financial performance, continued customer service excellence, and enduring commitment to serving its members, levy payers, and the wider pensions industry.

PPF launches expanded Diversity, Equity and Inclusion (DEI) Strategy to build on five years of progress

The Pension Protection Fund (PPF) has today published its new Diversity, Equity and Inclusion (DEI) Strategy for 2025-2028.

PPF launches next three-year Strategy as it marks 20 years of protecting DB pensions

The Pension Protection Fund (PPF) has set out its key strategic priorities in its Strategy for the next three years (2025-28) in the same week as it marks its 20th anniversary.  

PPF reports further progress against its diversity targets in latest Diversity Pay Gap published today

The Pension Protection Fund (PPF) has today released its eighth Diversity Pay Gap report, restating its commitment to fostering an inclusive workplace and continuing to make significant improvements to the diversity of its senior management. 

PPF welcomes government signal on levy changes

The Pension Protection Fund (PPF) has today welcomed the announcement by the Department for Work and Pensions (DWP) that the government will consider giving the PPF more flexibility to reduce its levy, thus supporting DB schemes and their sponsoring employers to drive growth.  

PPF Board look to January for levy decision

Following positive engagement with stakeholders as part of their consultation on the 2025/26 levy rules the PPF will conclude its decision making in January.

The Purple Book shows stability in strong defined benefit pension scheme funding

The Pension Protection Fund (PPF) has today published the Purple Book 2024 which shows the strong net funding position of the universe of defined benefit (DB) pension schemes has remained largely stable over the past year. 

PPF awarded ServiceMark accreditation with Distinction for exceptional customer service

The Pension Protection Fund (PPF) has been awarded ServiceMark Accreditation with Distinction from The Institute of Customer Service (ICS), making it one of only 25 companies in the country to achieve the highest standard of customer service.

PPF demonstrates the power of industry engagement and collaboration to drive positive change

The Pension Protection Fund (PPF) has today published its fifth Responsible Investment report, which reinforces its commitment to promoting sustainability in the pensions industry and demonstrates the power industry engagement.

PPF publishes s143 valuation assumptions consultation response

The Pension Protection Fund has today published its full response to its latest section 143 (s143) valuation assumptions consultation, which outlined proposals to allow marginally overfunded smaller schemes to use a bespoke discount rate for certain valuations during the assessment period.

PPF marks a productive year in its 2023/24 Annual Report

The Pension Protection Fund (PPF) has today published its 2023/24 Annual Report and Accounts, highlighting its strong investment performance and continued customer service excellence.