In brief, the Pension Protection Fund’s main function is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer, and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation.
The Pension Protection Fund is a statutory fund run by the Board of the Pension Protection Fund, a statutory corporation established under the provisions of the Pensions Act 2004.
To help fund the Pension Protection Fund, compulsory annual levies are charged on all eligible schemes.
Investing the assets of the Pension Protection Fund effectively is a further key function of the organisation.
The Pension Protection Fund is also responsible for the Fraud Compensation Fund - a fund that will provide compensation to occupational pension schemes that suffer a loss that can be attributable to dishonesty.
Annual Report and Accounts 2011/12 - full version - published 22 October 2012
Annual Report and Accounts 2011/12 - part 1 - Commentary
Annual Report and Accounts 2011/12 - part 2 - Statutory Reports
Annual Report and Accounts 2010/11 - full version - published 7 November 2011
Annual Report and Accounts 2010/11 - Part 1 - Commentary
Annual Report and Accounts 2010/11 - Part 2 - Financial Reports
Annual Report and Accounts 2010/11 - Part 3 - Actuarial Valuation
Annual Report and Accounts 2009/10 - published November 2010
Strategic Plan 2013 - published May 2013
Strategic Plan 2012 - published May 2012
Strategic Plan 2011 (includes Management Plan for 2011/12 - 2013/14 and Business Plan 2011/12 - published April 2011
The Management Plan 2010/11 - 2012/13 Incorporating Business Plan 2010/11 - published April 2010
Funding Strategy Documents
Funding Strategy Update - October 2012
Funding Strategy Update - November 2011
The PPF's Long-Term Funding Strategy - published August 2010
Funding for the Future (factsheet) - published August 2010
Risk Appetite Statement - published October 2010