The Pension Protection Fund (PPF) has today announced in its Diversity Pay Gap report 2021 that efforts to increase ethnic minority representation across the business have resulted in a positive drop in their ethnicity pay gap.
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £23.1 billion at the end of January 2019, from a deficit of £31.9 billion at the end of December 2018.
The Pension Protection Fund (PPF) is seeking to procure a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process.
The PPF’s publication of its ethnicity figures makes it one of the first organisations in the pensions industry to announce the difference in the hourly rates of pay and bonus pay between white ethnic minority employees.
The PPF's strong funding position means levy rules remain stable for the 2022/23 levy year
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