The Pension Protection Fund (PPF) has today released its sixth Diversity Pay Gap report which shows the progress it has made in addressing the imbalances in pay across gender and race. This year for the first time the report covers the PPF’s disability and long-term health condition pay gaps.
At the PPF, it’s everyone’s responsibility to build an inclusive culture, tackle racial inequality and work towards our goal of increasing ethnic minority representation.
Read Technical News to get in-depth analysis of new regulations and other important developments in pensions. Download copies of Technical News Technical News – Issue 10 This was published on 29 June 2018.Download Issue 10
Here you'll find all the necessary valuation guidance and factors that were valid for previous periods. Please use the links below: Valuation guidance 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.
We work with scheme trustees and their advisors when a sponsoring employer is in financial distress or facing a major change or ‘event’ – such as a restructuring arrangement or potential insolvency – which might trigger the entry of an eligible scheme into PPF assessment.
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