Pension Protection Fund

Yesterday, we held our annual SuperForum that brought together representatives from all our panel firms. It was great to discuss a range of current pensions topics and hear ideas and recommendations from our panellists. Thank you to Open Trustees and Osborne Clarke for hosting the event and to all our attendees. #Pensions #PensionsIndustry

We’re looking for a skilled iTrent Specialist / Systems Expert in this newly created role to maintain and develop our bespoke iTrent system. Our ideal applicant will have a track record of maintenance, development and enhancement of iTrent. You’ll be comfortable handling typical system nuances, have experience being the key point of contact from a system provider and understand the dynamic of working within or alongside human resources (HR) and technology professionals as an HRIS subject matter expert. Additionally, you’ll be able to demonstrate your advanced stakeholder, interpersonal and problem-solving skills. This is a full-time permanent position, with a salary of £50,000 to £54,000 per annum, plus Civil Service Pension and other benefits. The role is based at our Croydon office with hybrid working. Closing date 3 November. Find out more: https://bit.ly/48uHGqO #iTrentSpecialist #SystemsExpert #InclusiveEmployer

Shadene Goldson is one of our Scheme Delivery Associates. As part of Black History Month, Shadene shared with our colleagues the stories of several influential Black individuals who have shaped Britain, including historical and contemporary figures. Shadene said, "By examining how Black history intersects with various aspects of British life from politics and the arts to science and education - we can foster a deeper understanding of our collective heritage. In embracing this perspective, we not only honour the legacy of those who came before us but also enrich our understanding of what it means to be British in a multicultural society." "Engaging with Black history throughout the year encourages ongoing dialogue and education, dismantling stereotypes." #BlackHistoryMonth2024 #DiversityandInclusion

We're pleased that one of our infrastructure investments, the Thames Tideway Tunnel, has finished construction, with the first four of 21 sites now in operation. The tunnel was built to expand the sewer capacity in London and protect the River Thames from spills for generations to come. Sustainability was core to this construction project. Initiatives to minimise its environmental impact included using the river to transport construction materials and excavated spoil which reduced the lorry journeys taken. The project also had a focus on delivering social value, aligning its activity with the UN’s Sustainable Development Goals (SDGs). The Thames Tideway Tunnel will be in full operation by 2025. Read more in our Annual Report: https://bit.ly/3JYBxrB #InvestmentStrategy #ResponsibleInvestment #Infrastructure

We're pleased to have awarded a new contract to Target Professional Services (UK) Ltd to support with our data validation and cleansing requirements.   Target will help us with our data validation, including our annual member tracing exercise, ad-hoc member tracing, and bank account validation. They'll also work with Trustees of schemes in assessment to cleanse member data ahead of transferring to the PPF or for transaction to buyout.   We've worked with Target previously to successfully achieve a data accuracy score above our 95% target and introduce a number of innovations to our members’ experience.   We're looking forward to continuing our work with Target to support our data validation and cleansing processes.

We've had another year of excellent investment performance, as reflected in our Annual Report and Accounts, published today. “This has been another strong year for PPF finances. Our reserves have grown to 13.2 billion, mainly a result of the investment performance,” says Barry Kenneth, our Chief Investment Officer. “We’ve evolved our investment framework, so we now have two portfolios: a matching portfolio and a growth portfolio,” says Barry. “The objective of our growth portfolio is to prudently grow reserves through time. This portfolio performed extremely well in the financial year, especially given the economic backdrop. I’m pleased to report the returns generated on this portfolio, were 7.2 per cent in the financial year.” Read more: https://bit.ly/3YmIGIP #AnnualReportandAccounts #InvestmentPerformance #Pensions

Today we’ve published our Annual Report and Accounts, which looks at our achievements and challenges over the last financial year, outlines our financial performance and describes our progress against our strategic objectives. “It’s been a successful year for the Pension Protection Fund, with another year of excellent investment performance, we remain in a strong financial position,” says Katherine Easter, our Chief People Officer, and our Interim Chief Executive for Q4 2023/24. “We’re delighted that we’ve maintained our excellent levels of customer service, for both levy payers and members alike. We care deeply about our members. We’ve been listening carefully to their concerns, and working on our digital offering, to ensure that when people contact us, they can do so quickly and easily,” says Katherine. “Our success in the year was rounded off by a win for the investment team at the IPE Awards for Best UK Pension Fund.” Read more: https://bit.ly/3YmIGIP #AnnualReportandAccounts #InvestmentPerformance #Pensions

This month, we're celebrating Black History Month with a series of events, and conversations with our colleagues. Vanessa Stubbs, our Project Manager, shared with us what Black history means to her. "I celebrate being Black all year round, however Black History Month allows us to set aside a time for everyone to remember the history of Black people - not only for us in the UK, but all over the world," says Vanessa. "The month of October serves as a reminder of the contributions made towards building up this country by Black and ethnic minority individuals and the legacy that comes with it - the importance of this month is about acknowledging the contributions of individuals." "As part of celebrating my heritage all year round, I am part of a gospel choir. Gospel is a genre that celebrates not just the present, but also the history of Black history. Gospel music roots date back to the 18th and 19th century, when it originated from hymns and spirituals (songs of hope) sung by slaves during that time," says Vanessa. "Now, Black music is seen as a celebration of how far we've come - it’s a true celebration of Black history and a way to reclaim the narrative." #BlackHistoryMonth2024 #DiversityandInclusion

We're recruiting for two roles in our award-winning contact centre team, to help us continue delivering excellent service to our members. We're looking for a Contact Centre Advisor who has previous call centre experience, and a Trainee Contact Centre Advisor, where no previous experience in a call centre is necessary. Our Trainee Contact Centre Advisor will take part in a Customer Service Practitioner Level 2 apprenticeship programme. Both roles will be based in our Croydon office and have a start date of the 6th January. Find out more and apply today. Contact Centre Advisor: https://bit.ly/3Yx90Bo Trainee Contact Centre Advisor: https://bit.ly/40bzo4M

We're celebrating Black History Month and last night our Race Action Group (RAG) hosted a film night for our colleagues, showing The Hate U Give. The film, based on the best-selling novel by Angie Thomas, is a powerful story about a young woman finding her voice and standing up for what is right. RAG are our employee-led group who work within our organisation to drive positive change in representation and to open the conversation on ethnicity. #BlackHistoryMonth2024 #DiversityandInclusion