The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £6.4 billion at the end of April 2019, from a deficit of £43.9 billion at the end of March 2019.
At 31 March 2018 the PPF’s median gender pay gap stood at 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017). The mean pay gap is 23.67 per cent (24.97 per cent in 2017); the organisation’s median bonus gap is 30.55 per cent (24.11 per cent in 2017) and the mean bonus gap is 59.12 per cent (64.26 per cent in 2017). This is the PPF’s second year of reporting.
Despite significant market volatility, the PPF's investment return in the year to 31 March 2019 was 5.2 per cent and its assets under management grew from £30 billion to £32 billion.
The Pension Protection Fund (PPF) is seeking to procure actuarial services to equalise guaranteed minimum pensions for members and the application of a Statutory Minimum.
This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
PPF Chief Investment Officer, Barry Kenneth commented: “It’s great to welcome Claire into her new role as Head of ESG. Claire’s experience of working and communicating with institutional investors across a wide range of asset classes as well as a deep technical understanding of ESG issues will help grow and evolve our investment function. Attracting professionals of Claire’s calibre to join our team is an endorsement of where we are going.”
You need to allow cookies to view this video. Click the below link to manage your cookie settings and select "Targeting Cookies" on the left hand side.
