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We've published The Purple Book 2025

We’ve published The Purple Book 2025, the most comprehensive data and analysis of the UK defined benefit (DB) pension landscape. This year's Purple Book is our 20th edition.

New levy estimate for 2019/20

We’ve announced the amount of levy we will collect in 2019/20 will be £500 million. This is down from £550 million in 2018/19.

We’ve reached 1000 schemes

The Carillion Rail (GTRM) Pension Scheme has become the 1000th pension scheme to transfer to us since we were established in 2005. 

Our statement on pre-97 indexation Budget announcement

We welcome the government’s announcement that it intends to change the law to enable the payment of inflation increases on pre-97 pensions to PPF and Financial Assistance Scheme (FAS) members.

Next phase begins after ECJ ruling in Hampshire

We’ve previously announced that we’d started making increased payments to all pensioners who were most affected by the Court of Justice of the European Union’s (ECJ or CJEU) ruling, because they were subject to the PPF compensation cap (either the standard cap, or the long service cap), which on its own had reduced their benefits to less than 50% of those they had accrued.

We've published our Long-Term Funding Strategy review

In our Long-Term Funding Strategy review, published today, we’ve set out a revised funding objective and new priorities. As we enter a new stage of our funding journey, we’re now able to reduce the total amount of levy we charge without risking the long-term security of our members’ benefits.

Where we are with the European Court of Justice ruling

Since our last update in December new court proceedings have started against us, seeking to challenge, among other things, our intended approach for calculating any increases due to our members as a result of the ruling.

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.

We’ve launched our Diversity, Equity and Inclusion strategy

Today, we’ve launched our new Diversity, Equity and Inclusion (DEI) strategy, that reaffirms our commitment to being an inclusive employer.

We've provided further clarification on how we calculate scheme funding data

We've provided further clarification on the methodology we use to calculate scheme funding data in our 7800 index and Purple Book.