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Our role during a restructuring or insolvency

BHS, Toys R Us, Debenhams, British Steel. In recent years we’ve seen a number of high-profile company insolvencies and restructurings.

National Apprenticeship Week 2021

This year’s National Apprenticeship Week will take place from 8 - 14 February. The annual week-long celebration of apprenticeships will shine a light on the amazing work being done by employers and apprentices across the country. 

Annual report shows robust funding

Today we’ve published our Annual Report and Accounts 2021/22 . While market conditions were favourable over the year, our investment team beat every benchmark, putting us in an even stronger financial position as we look to the future of our funding.

We've retained our UK Stewardship Code status

We're delighted that the Financial Reporting Council (FRC) has confirmed we've continued to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a fourth consecutive year. 

Old British Steel Pension Scheme secures buy-in

The trustee of the Old British Steel Pension Scheme (OBSPS) has announced it has entered into a buy-in contract, a form of insurance policy for pension schemes.

Mansion House Reforms: our response to the call for evidence on DB schemes

Today we’ve published our response to the Department for Work and Pensions call for evidence on Options for Defined Benefit Schemes.

Responsible investment: Hornsea Project One

In 2018 we worked with Legal and General Investment Management to finance Hornsea Project One.

How our Liability Driven Investment (LDI) strategy has performed

The liability side of the PPF balance sheet reflects the value of payments we expect to make in the future to current scheme members.

The role of trustees during assessment

The role and responsibilities of panel trustees include:

Restructuring guidance

We will take part in restructuring if it means the return from the employer will be better than if the business had been simply left to fail. It usually involves removing the pension debt from the company, allowing it to continue to trade with a positive cash flow and potentially make a profit.