Kate Jones

Segars takes over from Kate Jones, who has completed a five-year term

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

Lifeboat fund says 6% return of its growth portfolio enabled its reserves to grow to £14.1bn

Aims to deliver strong investment performance, maintain services, and leverage technology

The government said it is considering giving the PPF flexibility to reduce its levy

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Lifeboat fund says it has engaged with 667 companies on ESG objectives

Lifeboat fund grows reserves to a total of £13.2bn during the year

PPF responds to government’s consultation proposals

Ostermann set to assume new role on 1 April, succeeding Oliver Morley who departed last month