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2025/26 levy year
We’re not charging a conventional PPF levy for this year. Find out more about our evolving policy here.Home
It's our duty to protect people with a defined benefit pension when an employer becomes insolvent. We manage £32 billion of assets for our 292,000 members.We’ve published our Sustainability Report 2024/25
We’ve published our first Sustainability Report, bringing together our responsible investment, climate change and operational sustainability actions into one report.S120 Support
Support information for s120 users having issues accessing or completing the process.Our first member to retire online
Janet Waddicor was our first member to retire online and shares her experience.Late retirement factors for previous periods
If you need to access late retirement factors that were used in the past, simply follow the links to the appropriate tables, detailed below.Step down factors for previous periods
If you need to access step down factors that were used in the past, simply follow the links to the appropriate tables, detailed below. Effective dates on or after 1 October 2020 and prior to 1 October 2021 For all determinations in respect of a step down pension with an effective date between 1 October 2020 and 30 September 2021, please use the following:Commutation factors for previous periods
The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005 and Regulation 21 sets out how this option may be exercised.Early retirement factors for previous periods
In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:
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