Press releases

PPF proposes £100m as levy estimate for 2025/26

The Pension Protection Fund (PPF) has proposed a £100m levy estimate for 2025/26, the same as 2024/25, equalling the lowest levy ever set.

PPF focuses on progress in private markets data in latest TCFD report

PPF's latest TCFD report shares progress and activities in measuring and managing climate-related risks, opportunities, and key metrics. 

PPF-run consolidator needed to bolster DB endgame options; New fund could unlock c.£10 billion in UK investment

The Pension Protection Fund (PPF) has, in its response to the Department for Work and Pensions’ (DWP) consultation on Options for Defined Benefit (DB) Schemes, said more choice is needed to enable all DB schemes to capitalise on improved scheme funding and get endgame ready. 

PPF proposes bespoke S143 valuation assumption for smaller schemes

The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for securing PPF benefits with bulk annuity providers in the buyout market.  

PPF focuses on building the diversity of its leadership pipeline as it publishes seventh Diversity Pay Gap Report

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

Michelle Ostermann appointed as CEO of The Pension Protection Fund

The Pension Protection Fund (PPF) today announces the appointment of Michelle Ostermann, a distinguished global pension executive, as its new CEO, succeeding Oliver Morley. 

PPF confirms 2024/25 levy halved to £100m

The Pension Protection Fund (PPF) has today announced its final levy rules for 2024/25 and confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24.

The Purple Book confirms accelerated improvement in defined benefit scheme funding

The Pension Protection Fund (PPF) has today published the Purple Book 2023, which showed a significant improvement in the net funding position of the universe of defined benefit (DB) pension schemes it protects in the past year. 

PPF champions power of stewardship in latest Responsible Investment Report

PPF publishes fourth Responsible Investment report, highlighting its continued commitment towards integrating material ESG risks into its investment approach.

Oliver Morley, Chief Executive, to depart PPF

The Pension Protection Fund (PPF) announces today the departure of Oliver Morley, Chief Executive.

Pension Protection Fund, Unisuper and APG acquire Forico and Tasmania’s largest hardwood estate

The PPF, UniSuper and APG Asset Management have announced the acquisition of Forico and a 170,000-hectare plantation forestry estate in Tasmania, from a New Forests managed fund.

PPF launches Trustmark badge for panel firms

The Pension Protection Fund (PPF) has today launched a new Trustmark initiative which will provide its panel firms with a badge that recognises their expertise and high level of service supporting defined benefit pension schemes in relation to the PPF’s assessment process.