The pensions industry demonstrated its positive response to our contingency planning guidance, at an event attended by over 80 trustees and advisers in central London on Tuesday this week.
We’re delighted to confirm that Stephen Wilcox has joined the PPF as its new Chief Risk Officer. Stephen will be responsible for all the PPF’s risk functions.
We’ve started to make increased payments to pensioners whose benefits fell below 50% of the value of their accrued benefits because of a combination of the compensation cap and other factors. We’re aiming to increase payments to the majority of pensioners in this group by the end of September 2020.
We've were awarded the Pension Adminstration Award at the Pensions Age Awards. The awards, now in their seventh year, aim to reward both the pension schemes and providers across the UK.
As of 31 March 2019 our median gender pay gap stood at 13 per cent (17 per cent in 2018). The mean pay gap is 22.5 per cent (23.5 per cent in 2018); the median bonus gap is 30.5 per cent (unchanged from 2018) and the mean bonus gap is 66 per cent (59 per cent in 2018).
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