Press releases

PPF-run consolidator needed to bolster DB endgame options; New fund could unlock c.£10 billion in UK investment

The Pension Protection Fund (PPF) has, in its response to the Department for Work and Pensions’ (DWP) consultation on Options for Defined Benefit (DB) Schemes, said more choice is needed to enable all DB schemes to capitalise on improved scheme funding and get endgame ready. 

PPF proposes bespoke S143 valuation assumption for smaller schemes

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 securing PPF benefits with bulk annuity providers in the buyout market.  

PPF focuses on building the diversity of its leadership pipeline as it publishes seventh Diversity Pay Gap Report

The Pension Protection Fund  has today released its seventh Diversity Pay Gap report, restating its commitment to creating an inclusive workplace and continuing to make significant improvements to the diversity of its senior management. 

Michelle Ostermann appointed as CEO of The Pension Protection Fund

The Pension Protection Fund (PPF) today announces the appointment of Michelle Ostermann, a distinguished global pension executive, as its new CEO, succeeding Oliver Morley. 

PPF confirms 2024/25 levy halved to £100m

The Pension Protection Fund (PPF) has today announced its final levy rules for 2024/25 and confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24.

The Purple Book confirms accelerated improvement in defined benefit scheme funding

The Pension Protection Fund (PPF) has today published the Purple Book 2023, which showed a significant improvement in the net funding position of the universe of defined benefit (DB) pension schemes it protects in the past year. 

PPF champions power of stewardship in latest Responsible Investment Report

PPF publishes fourth Responsible Investment report, highlighting its continued commitment towards integrating material ESG risks into its investment approach.

Oliver Morley, Chief Executive, to depart PPF

The Pension Protection Fund (PPF) announces today the departure of Oliver Morley, Chief Executive.

Pension Protection Fund, Unisuper and APG acquire Forico and Tasmania’s largest hardwood estate

The PPF, UniSuper and APG Asset Management have announced the acquisition of Forico and a 170,000-hectare plantation forestry estate in Tasmania, from a New Forests managed fund.

PPF launches Trustmark badge for panel firms

The Pension Protection Fund (PPF) has today launched a new Trustmark initiative which will provide its panel firms with a badge that recognises their expertise and high level of service supporting defined benefit pension schemes in relation to the PPF’s assessment process.   

PPF proposes £100m levy for 2024/25

The Pension Protection Fund has today announced in its 2024/25 levy consultation that it expects to collect £100m in levy next year, further reducing the levy by half compared with the 2023/24 estimate.

PPF well placed to run a Public Sector Consolidator

The Pension Protection Fund (PPF) has today published its response to the Department for Work and Pensions’ (DWP) call for evidence on Options for Defined Benefit (DB) Schemes.