PPF improves funding level despite record year for claims

clock

The Pension Protection Fund (PPF) saw its funding level increase to 110% in the year to March despite dealing with more than £1bn in claims.

The lifeboat funds' annual report, published on Tuesday, showed that its surplus had grown from £1.1bn to £1.8bn and its assets had increased from £11.1bn to £14.9bn. This was a result of higher...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Member experience becoming 'key factor' in insurer selection

Member experience becoming 'key factor' in insurer selection

LCP says one third see member experience as ‘deciding factor’ if price was equal

Jasmine Urquhart
clock 04 July 2025 • 1 min read
Athora to acquire Pension Insurance Corporation for £5.7bn

Athora to acquire Pension Insurance Corporation for £5.7bn

Deal sees PIC owned by a single strategic owner for the first time in its 20-year history

Jonathan Stapleton
clock 03 July 2025 • 4 min read
Molins UK scheme and Aviva manufacture £249m buy-in deal

Molins UK scheme and Aviva manufacture £249m buy-in deal

The BPA transaction secures the benefits of over 3,500 scheme members

Holly Roach
clock 01 July 2025 • 2 min read
Trustpilot