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PPF confirms significant reduction in levy

PPF confirms significant reduction in levy following widespread support for consultation proposals on rules for 2023/24

Oliver Morley, Chief Executive, to depart PPF

The Pension Protection Fund (PPF) announces today the departure of Oliver Morley, Chief Executive.

PPF champions power of stewardship in latest Responsible Investment Report

PPF publishes fourth Responsible Investment report, highlighting its continued commitment towards integrating material ESG risks into its investment approach.

PPF Chair commits to expand sustainability drive with new strategy

New strategy outlines four sustainability goals across Responsible Investment, Diversity & Inclusion, community impact, and operations and supply chains. 

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.

PPF reports further progress against its diversity targets in latest Diversity Pay Gap published today

The Pension Protection Fund (PPF) has today released its eighth Diversity Pay Gap report, restating its commitment to fostering an inclusive workplace and continuing to make significant improvements to the diversity of its senior management. 

The Purple Book confirms accelerated improvement in defined benefit scheme funding

The Pension Protection Fund (PPF) has today published the Purple Book 2023, which showed a significant improvement in the net funding position of the universe of defined benefit (DB) pension schemes it protects in the past year. 

PPF confirms 2024/25 levy halved to £100m

The Pension Protection Fund (PPF) has today announced its final levy rules for 2024/25 and confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24.

David Atkinson joins PPF board as Non-Executive Director

PPF Chair, Kate Jones said: “I’m delighted that David has joined our Board, bringing his extensive finance and risk management expertise, gained in both his executive and non-executive careers, to support our journey as we approach the next phase of our strategic plan and embrace the recommendations of DWP’s recent review.”

Michelle Ostermann appointed as CEO of The Pension Protection Fund

The Pension Protection Fund (PPF) today announces the appointment of Michelle Ostermann, a distinguished global pension executive, as its new CEO, succeeding Oliver Morley.