PPF Chair, Kate Jones said: “I’m delighted that David has joined our Board, bringing his extensive finance and risk management expertise, gained in both his executive and non-executive careers, to support our journey as we approach the next phase of our strategic plan and embrace the recommendations of DWP’s recent review.”
The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for bulk annuity providers in the buyout market.
Our consultation setting out our plans for the 2023/24 levy rules closed on 10 November. Today we’ve published our policy statement with the formal levy rules.
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.
The framework for the levy rules is set out in legislation (Pensions Act 2004). We review and consult on how we apply these rules each year.
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