PPF Board

The Pension Protection Fund (PPF) is a UK statutory corporation established by the Pensions Act 2004 to provide compensation to members of eligible defined benefit (DB) pension schemes when their sponsoring employer becomes insolvent and the scheme cannot meet its promised benefits. The PPF is funded by a levy on eligible schemes, income from investments, assets from schemes that transfer into the fund and recoveries from insolvent employers. It is not funded by general taxation. As of 31 March 2025, the PPF reported assets under management of £31.2 billion.