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Annual Report 2025/26: Strengthening foundations for long-term resilience

In this blog, our Acting Chief Executive, Richard Beaven, shares his review of 2025/26.

Our year in review: 2025/26

We’ve published our Annual Report and Accounts 2025/26, highlighting a year of strong delivery for our members, continued financial resilience and and major progress in implementing legislative changes.  

PPF Annual Report 2025/26 shows delivery progress

The Pension Protection Fund (PPF) today published its 2025/26 Annual Report and Accounts detailing its success in delivering against its strategic priorities and business plan objectives over the past year.

We’re contacting members affected by changes to PPF compensation and FAS assistance

We’re contacting members affected by changes to PPF compensation and FAS assistance. Members do not need to do anything. If you’re affected by the changes, we’ll contact you directly by email or post.

Chief Actuary role

We are looking for an outstanding actuary with the leadership capability and credibility to operate at the most senior levels of a complex financial institution.

Chief Executive Officer role

The Pension Protection Fund is looking for an outstanding Chief Executive Officer to lead the organisation through its next phase. 

Annual factors update for PPF members

Find out more about why our retirement factors are not changing this year.  

Improved support for terminally ill PPF and FAS members

The Pension Protection Fund (PPF) has today announced that changes to terminal illness provisions for PPF and Financial Assistance Scheme (FAS) members have come into effect, following the Pension Schemes Act 2026. The change extends the life expectancy criterion from 6 months to 12 months.  

Changes to terminal ill health payments

Find out more about how the Pension Schemes Act 2026 has changed how terminal ill health payments work for Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS) members.  

How to prepare for an interview with us

To help you on this journey, I’d like to share some general advice on our interview process and some handy preparation tips to help you perform at your best on the day.