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Pension Protection Fund puts levy decision on hold
The lifeboat expects to make a decision on a new levy for 2025/26 in January
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Pension Protection Fund could lower the levy further, claims WTW
WTW claims that even if PPF distrust the government to bring the levy back, it could lower it below £100m
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Exit interview: Oliver Morley, Pension Protection Fund
Oliver Morley leaves the PPF in December to join Money and Pensions Service
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PPF launches consultation as it plans to keep levy at £100m
UK’s lifeboat scheme continues to engage with government on possibility of lowering levy further
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Industry provides further backing for PPF endgame role
The consultation on DB surplus extraction and the public sector consolidator operated by PPF closes on 19 April
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New PPF proposals would represent ‘seismic changes’ to UK pensions landscape
Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund
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PPF proposes bespoke discount rates in valuations for smaller schemes
The consultation will close on 6 May and seeks views from actuarial professionals and industry stakeholders
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PPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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PPF appoints Michelle Ostermann as chief executive officer
Ostermann is set to assume her new role on 1 April, with Katherine Easter acting as interim CEO in the meantime
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PPF and DWP explore legislative changes to further reduce levy
Next year’s target collection of £100m will be the lowest levy the PPF has ever charged
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Oliver Morley leaves chief executive role at PPF
Morley will take up the role of CEO at Money and Pensions Service (MaPS)
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Pension Protection Fund sets strategic priorities for next three years
The fund is currently conducting a planned review of its funding strategy
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PPF opens levy consultation to halve charge to £100m
‘It is clear that PPF would like to go further but is constrained by law,’ says LCP
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PPF expands sustainability drive with new strategy
Plus: Church Commissioners’ sustainability report shows farmland to be highest carbon emitter
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Mixed views on UK government plans to consolidate DB schemes into PPF
PPF a ‘clear choice’ for public sector consolidator, but concerns remain over the time it would take to make it operational
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PPF latest climate report shows focus on high-quality disclosure
The fund has been spending ‘considerable’ time gathering climate assessment for every asset class, says CIO
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PPF ‘well placed’ to take on public sector consolidator role
‘The public sector consolidator option could substantially deliver against the government’s objectives,’ says PPF chief
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People moves: Railpen adds two directors to board
Plus: PPF appoints non-exec directors; AXA IM hires new head of global equity
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Meeting schemes’ benefit structures is barrier to consolidation, pensions industry says
Consolidation is not off the table, according to the PPF, but consolidators need to get the design right
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PPF to cut levy as it concludes strategy review
As its funding approach matures the PPF has set out fresh funding priorities and a revised funding objective to be assesed by a new resilience test