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PPF supports struggling levy payers with payment extension

The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interest free to pay their 2020/21 levy bill. 

PPF confirms supportive measures for levy payers following consultation

The announcement precedes the formal publication of the 2021/22 levy rules in January 2021

PPF consults on changes to section 143 and section 179 actuarial assumptions

A recent review of the valuation assumptions showed they need updating to align with pricing in the bulk annuity market.

PPF 7800 index - July 2023

This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF). 

PPF welcomes government signal on levy changes

The Pension Protection Fund (PPF) has today welcomed the announcement by the Department for Work and Pensions (DWP) that the government will consider giving the PPF more flexibility to reduce its levy, thus supporting DB schemes and their sponsoring employers to drive growth.  

PPF hits key targets in 22/23 Annual Report

The Pension Protection Fund has today published its 2022-23 Annual Report and Accounts highlighting significant progress against its 2022-25 Strategic Plan.

PPF appoints two new non-executive directors

The Pension Protection Fund (PPF) has announced the appointment of Simon Gadd and Sonia Gogna to its Board as non-executive directors from 1 September.

PPF well placed to run a Public Sector Consolidator

The Pension Protection Fund (PPF) has today published its response to the Department for Work and Pensions’ (DWP) call for evidence on Options for Defined Benefit (DB) Schemes.

PPF publishes third TCFD report

The Pension Protection Fund (PPF) has today published its third annual Climate Change report

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.