Alan Rubenstein, Chief Executive, Pension Protection Fund (PPF) said “This settlement for the BHS pension schemes, agreed between Sir Philip, the Pensions Regulator and the trustees, with the involvement of the PPF relieves the PPF’s levy payers of the cost of meeting the initially reported shortfall.
The Pension Protection Fund (PPF) has today launched a tender to appoint a new firm to join its Specialist Administration and Actuarial Services Panel (SAASP).
While our focus remains delivering for our members and levy payers, we recognise the growing interest in the future of defined benefit schemes, and us.
We're delighted that the Financial Reporting Council (FRC) has confirmed the PPF continues to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a third consecutive year.
Dana Grey, who has been acting as interim Risk Director since October 2021, has been appointed to the CRO role permanently, leading both the Risk and Compliance teams.
We’re proud to report an increase in the number of women in our senior management roles and to have achieved 48% female representation at senior management level.
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.
On 23 February 2024, the Department for Work and Pensions (DWP) published its consultation, ‘Options for DB schemes.' This is a consultation on aspects of private sector Defined Benefit schemes, which seeks stakeholder feedback for the future pensions market.
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