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

Government publishes consultation on DB surplus flexibilities

Government publishes consultation on DB surplus flexibilities

Draft regulations set out conditions that must be met to release surplus

Holly Roach
clock 10 June 2026 • 3 min read
Smart Pension surpasses £10bn in assets under management

Smart Pension surpasses £10bn in assets under management

Organisation now manages the pensions of two million savers and 100,000 employers

Holly Roach
clock 10 June 2026 • 2 min read
News Digest: The pension system missed Gen X women - what if they are the future?

News Digest: The pension system missed Gen X women - what if they are the future?

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 June 2026 • 1 min read
Trustpilot