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Our email addresses are changing

Over the coming weeks you might notice email correspondence from us now ends in "@ppf.co.uk”. Don’t be alarmed, we have changed our email address and are now using "@ppf.co.uk”.

PPF 7800 index - February 2019

The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £23.1 billion at the end of January 2019, from a deficit of £31.9 billion at the end of December 2018.

2018 gender pay gap report

Last year the government introduced legislation that requires companies employing more than 250 people to publish information about their gender pay and bonus gaps annually.

Changes to the compensation cap

Each year our compensation cap for PPF members is subject to review by the Department of Work and Pensions, with changes taking effect from 1 April.

Pension Protection Fund publishes 2018 Gender Pay Gap report

At 31 March 2018 the PPF’s median gender pay gap stood at 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017). The mean pay gap is 23.67 per cent (24.97 per cent in 2017); the organisation’s median bonus gap is 30.55 per cent (24.11 per cent in 2017) and the mean bonus gap is 59.12 per cent (64.26 per cent in 2017). This is the PPF’s second year of reporting.

Superfunds offer opportunities but also pose risks

On 7 December 2018 the Department for Work and Pensions (DWP) published a consultation on the consolidation of defined benefit pension schemes inviting views on a new legislative framework for ‘superfund’ schemes.

A double win at investment industry awards

Our investment team enjoyed a successful evening at this year’s Alternative Investments Institute Peer-to-Peer Awards.

Update on the European Court of Justice ruling

Our previous article about implementing the European Court of Justice ruling gave you an overview of our interim approach to calculating any increases due and provided some illustrative examples of what it might mean in practice for members.

Join our new SME forum

We’re launching a forum with the aim of improving communication between us and defined benefit (DB) schemes of small and medium-sized enterprises. We’re keen to hear from anyone representing an SME scheme who would like to be part of the conversation.

We’ve published our levy rules for 2019/20

Following the consultation we launched in September today we’ve published our final levy rules for 2019/20.