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Oliver Morley, Chief Executive, to depart PPF

The Pension Protection Fund (PPF) announces today the departure of Oliver Morley, Chief Executive, who will be leaving in December 2023 to take up a new role as the Chief Executive of The Money and Pensions Service (MaPS).

Annual Report shows another successful year for the PPF

Today we’ve published our Annual Report and Accounts, which looks back at our achievements and challenges over the last financial year, outlines our financial performance and describes our progress against our strategic objectives.

We’ve published our Annual Report 2024/25

Today, we’ve published our Annual Report and Accounts 2024/25, which looks back at our achievements throughout our 20th year. 

We concluded the sale of Kodak Alaris to Kingswood Capital Management

We concluded the sale of Kodak Alaris to Kingswood Capital Management and are pleased to have secured a good outcome for all parties.

Global IT outages: PPF unaffected thanks to robust risk management

The recent global IT outages, caused by a CrowdStrike antivirus update for Windows devices, had a negligible business impact due to our robust risk management procedures.

We’ve finalised our levy plans for 2025/26

Today we’ve announced that our levy estimate for 2025/26 will be reduced and included a new provision in our rules to allow our Board to review its approach if sufficient progress can be made on the changes needed to give us greater flexibility on setting the levy.

What is the PPF Trustmark?

Today we’ve launched a Trustmark badge, which will be used by our panel firms to recognise the expertise and high level of service they provide. 

David Taylor to leave the PPF

David Taylor, our Executive Director and General Counsel, whose responsibilities include Strategy, Policy, Legal and Levy, will be leaving the PPF at the end of the year.

Have your say on our 2021/22 levy rules

Respond to our online consultation on the changes to our levy rules in 2021/22.

Update on the European Court of Justice ruling

Our previous article about implementing the European Court of Justice ruling gave you an overview of our interim approach to calculating any increases due and provided some illustrative examples of what it might mean in practice for members.