PPF mulls levy cut as funding resilience improves

Lifeboat fund reports strong financial position in latest annual report and accounts

Jonathan Stapleton
clock • 3 min read
PPF chief executive Oliver Morley
Image:

PPF chief executive Oliver Morley

The Pension Protection Fund (PPF) has increased its funding ratio to 137.9% and its reserves to £11.7bn.

The lifeboat fund's 2021/22 report and accounts - published yesterday (14 July) - said it had now achieved the five strategic priorities it set out in 2019 and had further improved its financial re...

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 Industry

Industry must 'work together now' for safe AI adoption

Industry must 'work together now' for safe AI adoption

Pensions UK report warns of a vacuum if schemes do not move quickly on technology

Alex Levy
clock 15 October 2026 • 2 min read
XPS Pensions Group posts double-digit revenue growth in half year update

XPS Pensions Group posts double-digit revenue growth in half year update

Firm says it has seen strong demand from ongoing regulatory change

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Use scheme data and targeted support to close gender pensions gap

Use scheme data and targeted support to close gender pensions gap

Panel says industry collaboration can be a ‘game changer’ to close the gap

Martin Richmond
clock 15 October 2026 • 3 min read
Trustpilot