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PPF, ONS and TPR publish joint statement on DB pension scheme data

Alongside the Office of National Statistics (ONS) and The Pensions Regulator (TPR), we've published a joint statement on defined benefit (DB) pension scheme funding data.  

We’ve successfully appointed firms to our Trustee Services Panel and our new RPIS Framework

Today, we’re announcing the outcome of our recent procurement for our Trustee Services Panel and for our new Restructuring and Pre-Insolvency Services (RPIS) Framework. 

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.

Leading the restructure of a forestry asset

Leveraging existing positions and manager relationships to optimise future investment exposure is a key part of our portfolio management process.

SME Forum

In December 2018, we announced our intention to set up a small and medium sized employers (SME) Forum.

Compensation cap factors valid for previous periods

Paragraphs 26 and 27 of Schedule 7 of the Pensions Act 2004 set out the circumstances in which the compensation cap applies and how and when it should be increased. In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners.  The information below is provided for advisers who still need to refer to previous calculation tables and factors.

Valuation guidance for previous periods

Below is a list of historical effective dates with links to the correct guidance (G and H) and relevant assumptions (A and B). The effective dates relate to the time when the assets and liabilities of the scheme were calculated. To find the period of guidance that you’re looking for, simply click on the links attached to the dates. Please note that all dates are inclusive.

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.

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.

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: