Pension Protection Fund

Transaction secures the benefits of 8,800 members

Rises in bond yields during the month cited as primary driver for rising surpluses

Lifeboat fund says its focus will now shift to maintaining its financial resilience

Lifeboat fund says it has improved ESG risk disclosures and updated voting guidelines

Lifeboat fund caveats positive outlook noting impact on assets is currently less certain

Levy cut comes as lifeboat funds redefines funding objective as ‘maintaining resilience’

Scrapping the limit would give PPF the flexibility to waive levy in the future

Roadmap includes plans for service, continued digital transformation and sustainability

Levy increase could amount to £5m a year for some auto-enrolment schemes

PPF 7800 funding ratio hits 15-year high amid rise in bond yields