Pension Protection Fund

This week we've been taking part in the Money and Pensions Service's Talk Money Week. We’ve shared information to help people learn more about defined benefit pension schemes, and encouraged our members to check on our member website that we have their correct details. Additionally, we've shared financial wellbeing resources with our employees, while colleagues shared their own tips about checking credit scores, and signing up for personal finance newsletters. #TalkMoney #DoOneThing #PensionsIndustry

We’re always looking for people with the kinds of values, skills and talents to help us in the important work we do. We provide protection for 9.6 million people across the UK who are members of defined benefit pension schemes. We have a range of positions here at the PPF including communications, sustainability, customer service, legal, actuarial, investment, technology, risk, policy and finance. We offer hybrid working and encourage applicants seeking full time, part time, or job share opportunities to apply. You can explore what it's like to have a career at the PPF, view our current vacancies or submit a speculative application on our website: https://bit.ly/3Vp0jnX #Careers #Jobs #DisabilityConfident

Today our CEO, Michelle Ostermann, gave a keynote presentation at the Pensions & Investments World Pension Summit.   She discussed trends in global pensions systems, how the role of asset owners is growing and maturing worldwide, and how introducing large asset owners into our pensions systems could bring about huge benefits for members, society and the economy as a whole.   #WorldPensionSummit #WPS2024 #Pensions

Today we’ve published our Responsible Investment report. This year, we continued to take practical action to deliver our Responsible Investment strategy. We made strong engagement progress with our Climate Watchlist companies, continued the integration of Environmental, Social and Governance (ESG) reporting across our internal portfolios, and improved our disclosures by publishing our proxy voting decisions on our website. “This has very much been a year of engagement for the PPF,” said Barry Kenneth, our Chief Investment Officer. “Seeing the Climate Watchlist develop and progress has been a strong example of how asset owners and their external investment managers can work together to achieve important goals. As the PPF’s Sustainability Strategy evolves, the support and alignment with our external managers will be imperative in achieving our targets.” Find out more: https://bit.ly/4fyR4Me #ResponsibleInvestment #SustainabilityStrategy #ESG #ClimateChange

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