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Pension Protection Fund

@ppf.co.uk
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We protect millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, we’re ready to help. www.ppf.co.uk

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Pension Protection Fund @ppf.co.uk · 08/09/2026
Aaron Pang, our Acting Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 08/09/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 11/08/2026
Aaron Pang, our Acting Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 11/08/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 28/07/2026
We're delighted to see our Chief Investment Officer, Barry Kenneth, recognised in Chief Investment Officer's 2026 Power 100 list. Congratulations to Barry and colleagues across our investment team whose expertise and commitment help safeguard our members' futures every day.
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Pension Protection Fund @ppf.co.uk · 28/07/2026
We've launched a consultation on proposed updates to the assumptions used for section 143 and section 179 valuations. We're proposing changes to discount rate and longevity assumptions to reflect current pricing. Read more: bit.ly/4pFTY82
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Pension Protection Fund @ppf.co.uk · 14/07/2026
Delighted that five of our colleagues have been shortlisted in the Women in Pensions Awards 2026 and that we've been shortlisted in the Organisational Award for Supporting Diversity. Good luck to all finalists. #WomenInPensions #DiversityAndInclusion
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Pension Protection Fund @ppf.co.uk · 14/07/2026
Aaron Pang, our Acting Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 14/07/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 09/07/2026
Our Annual Report 2025/26 is here, highlighting strong delivery for members, continued financial resilience and major progress on legislative changes. Find out more: www.ppf.co.uk/news/Annual-...
Assets under management - £31.5bn
Future claims and risk reserves - £15.1bn
Current claims liabilities - £16.4bn
Return on growth assets - 7.1%
PPF benefits paid - £1.2bn
PPF levy collected - £0
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Pension Protection Fund @ppf.co.uk · 06/07/2026
Proud moment for the PPF. Our CIO Barry Kenneth has been named one of Financial News’ “Most Influential in European Finance” for 2026. A well‑deserved recognition of his leadership and our team’s dedication to delivering strong, responsible investment for our members.
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Pension Protection Fund @ppf.co.uk · 09/06/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
A quote from Shalin Bhagwan, our Chief Actuary“During May, market sentiment continued to be shaped by the energy uncertainty from the conflict in the Middle East. Asset and liability values of the PPF-eligible DB universe increased over the month as bond yields eased slightly. Softer data releases and optimism on conflict resolution helped to bring down inflation expectations and reduced market confidence that central banks will tighten policy later in the year. At the same time, overseas equity markets continued to perform well, supported by resilient corporate earnings - particularly in the US - and ongoing investor optimism around AI-driven growth. 

 “Against this backdrop, the PPF 7800 index recorded a £5.3bn increase in the estimated aggregate funding position, taking it to a surplus of £263.8bn. The funding ratio remained steady at 131.2 per cent, as both scheme asset and liability values rose by 2.0 per cent.”
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Pension Protection Fund @ppf.co.uk · 09/06/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 22/05/2026
We’re proud to have won the Innovation Award at the IPE Real Estate Awards. This recognition reflects our disciplined investment approach and commitment to delivering value for our members. #IPEREAwards
Two people posing together, smiling, one giving a thumbs-up. They stand in front of a IPE Real Estate Global Awards 2026 backdrop.
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Pension Protection Fund @ppf.co.uk · 13/05/2026
DWP have announced Joanne Segars will be our next Chair, taking over on 1 July from Kate Jones, who steps down as Chair after 10 years on the Board. Joanne brings significant experience of pensions and financial services, after 40 years in the industry. bit.ly/4uQhVLz
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Pension Protection Fund @ppf.co.uk · 12/05/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
The image contains a text on a green background  Authored by Shalin Bhagwan, Chief Actuary: “Market conditions remained challenging through the month as persistent inflation pressures and elevated energy prices kept global bond yields high. Expectations of further central bank tightening continued to build, with UK gilt yields rising as investors reassessed the path of monetary policy. Against this backdrop, risk asset performance was mixed and bond markets remained under pressure.

"Within this environment, the PPF 7800 index recorded a £5.3bn fall in the aggregate funding surplus, taking it to £258.5bn. The funding ratio dipped to 131.2 per cent, as scheme assets fell by 1.6 per cent and liabilities by 1.4 per cent. Despite the modest softening, funding levels remain robust, supported by the continued influence of higher discount rates."
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Pension Protection Fund @ppf.co.uk · 12/05/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 07/05/2026
Last week our Chief Investment Officer, Barry Kenneth, delivered a keynote speech at the Pensions Age Spring conference. He outlined how the PPF has built resilience into our investment strategy, protecting members across all market conditions, from the benign to the turbulent. #PensionsAgeSpring
Our CIO stands at a podium speaking to an audience at a conference. On the screen is a presentation titled "Signals in the Noise: Building Pension Resilience in an Uncertain World" by Barry Kenneth, CIO of the Pension Protection Fund. The setting is a large conference room with attendees seated and listening attentive
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Pension Protection Fund @ppf.co.uk · 29/04/2026
The Pension Schemes Act has today become law. Measures in the Act will strengthen compensation levels for many PPF and FAS members, reduce costs for levy payers, and support us in continuing to improve the service we offer our members and the schemes we protect. Read more: bit.ly/3OVqe9t
A person wearing a hat sits on a bench by the seaside, petting a dog. The ocean and a cliff are visible in the background. The text reads: "The Pension Schemes Act supports us to improve the service we offer to our members and the schemes we protect.
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Pension Protection Fund @ppf.co.uk · 17/04/2026
This week we took part in the Markets Group Institutional Forum where our Head of Infrastructure and Timberland, Alex Leonard, joined a panel discussion. He shared how we're seeing attractive return dynamics across the asset class.
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Pension Protection Fund @ppf.co.uk · 14/04/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 14/04/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 02/04/2026
We're delighted to have been shortlisted in two categories at the Professional Pensions Awards and at the European Pensions Awards. It's fantastic to be named alongside other pension funds and investors who are setting the highest standards across the industry.
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Pension Protection Fund @ppf.co.uk · 19/03/2026
We’ve published our latest Diversity pay gap report, sharing our gender, ethnicity, and disability and long‑term health condition pay gaps as part of our ongoing commitment to transparency and inclusion. Read more: bit.ly/4sdv1Bs
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Pension Protection Fund @ppf.co.uk · 10/03/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 10/03/2026
We've published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 05/03/2026
Yesterday, we co‑hosted the 2026 CEM Benchmarking Pension Administration Forum. Thank you to everyone who attended, it was a great day of learning and collaboration.
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Pension Protection Fund @ppf.co.uk · 04/03/2026
We’re proud to have been named DB Pension Scheme of the Year at the Pensions Age Awards. This recognition reflects our long‑term commitment to delivering security for our members and the disciplined, innovative investment strategy that underpins our work. #PensionsAgeAwards
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Pension Protection Fund @ppf.co.uk · 17/02/2026
We're delighted to have been shortlisted for The Apprenticeship Guide Awards in the Best employer (medium) category. An excellent end to #NationalApprenticeshipWeek⭐
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Pension Protection Fund @ppf.co.uk · 16/02/2026
You'll find answers to the most common questions about nominating a beneficiary on our website. Find out more about who you can nominate, how the nomination process works and bit.ly/4aEymmF
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Pension Protection Fund @ppf.co.uk · 14/02/2026
Nominating a beneficiary helps to ensure your loved one can receive payments from us quickly and easily when you die. To nominate, head to our member website - you'll need your beneficiaries National Insurance Number and supporting evidence. bit.ly/3ZY0HOF
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Pension Protection Fund @ppf.co.uk · 12/02/2026
We've received over 50,000 beneficiary nominations from our members. To nominate, simply log in to our member website, go to ‘Nominate Beneficiary’, fill in a few quick details and upload your supporting evidence. bit.ly/3ZY0HOF
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Pension Protection Fund @ppf.co.uk · 10/02/2026
Nominating a beneficiary can give members peace of mind and makes it quicker and easier for beneficiaries to receive payments when you die. If you're a member, nominate today:https://bit.ly/3ZY0HOF
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Pension Protection Fund @ppf.co.uk · 10/02/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update and index history: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 10/02/2026
We've just published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 13/01/2026
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 13/01/2026
We've just published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 09/12/2025
Shalin Bhagwan, our Chief Actuary, summarises the latest changes in our monthly 7800 index. Visit our website to view the full update: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 09/12/2025
We've just published our latest 7800 update. View the full update and the index history on our website: ppf.co.uk/PPF-7800-index
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Pension Protection Fund @ppf.co.uk · 05/12/2025
Congratulations to our Investment team, who took home the Fixed Income award at the IPE European Pension Fund Awards last night.🌟
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Pension Protection Fund @ppf.co.uk · 04/12/2025
We’ve published the 20th edition of our Purple Book. We now have 20 years of data and analysis looking at long-term trends that shape the UK defined benefit landscape. bit.ly/48QAerB
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Pension Protection Fund @ppf.co.uk · 04/12/2025
We've published our Purple Book 2025. Explore the latest insights into the UK defined benefit pension landscape, including scheme funding trends, demographics and asset allocation: bit.ly/48QAerB
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Pension Protection Fund @ppf.co.uk · 03/12/2025
Join us tomorrow at 10am for an exclusive first look at the data and analysis from our Purple Book 2025. Our Chief Actuary, Shalin Bhagwan, and Actuary, James Emmott, will be sharing their insights and answering your questions. Register now: share-eu1.hsforms.com/1icXHjI0NSdK...
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Pension Protection Fund @ppf.co.uk · 25/11/2025
Just over a week to go! Join our Chief Actuary, Shalin Bhagwan, and Actuary, James Emmott, for an exclusive first look at The Purple Book 2025. Register now: share-eu1.hsforms.com/1icXHjI0NSdK...
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Pension Protection Fund @ppf.co.uk · 24/11/2025
Last week, our Chief Actuary, Shalin Bhagwan, met with the British Ambassador to the Netherlands, the Lady Mayor of London and a number of Dutch institutional investors in Amsterdam. He delivered a keynote speech on the UK investment climate and international co-investment opportunities.
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Pension Protection Fund @ppf.co.uk · 18/11/2025
Our CIO, Barry Kenneth, gave evidence to the Business and Trade Select Committee today. Barry answered a range of questions about why pension schemes are investing less in the UK and what role we might have in supporting greater domestic investment.
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Pension Protection Fund @ppf.co.uk · 17/11/2025
We're so pleased to have been shortlisted as a finalist in the Institute of Customer Service's UK Customer Satisfaction Awards for our work with Civica to build a seamless, fully digital bereavement service for our members and their loved ones.
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Pension Protection Fund @ppf.co.uk · 17/11/2025
Our consultation, which sets out our proposed approach for the 2026/27 PPF levy, is now open to receive submissions. Find out more about our proposals and share your views with us: ppf.co.uk/news/Have-yo...
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Pension Protection Fund @ppf.co.uk · 14/11/2025
Next Tuesday, our Chief Investment Officer, Barry Kenneth, will give evidence to the Business and Trade Committee. Their inquiry is examining how the UK can raise capital formation by mobilising greater levels of private and public finance into British firms and infrastructure.
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Pension Protection Fund @ppf.co.uk · 13/11/2025
Our annual Purple Book provides a detailed view of the UK's defined benefit pensions landscape. Join us on Thursday 4 December, where we'll explore the latest insights from our Purple Book 2025. Register now: share-eu1.hsforms.com/1icXHjI0NSdK...
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