Pension Protection Fund

Yesterday our colleagues were invited to join in the festive spirit by wearing their Christmas jumpers to raise money for our chosen charity, Lives Not Knives. Our colleagues did not disappoint, wearing their festive jumpers complete with colourful reindeers, sequins and baubles. Lives Not Knives aims to engage, educate and empower young people in London. The charity is dedicated to preventing youth violence in London and aim to do so through offering mentorship and advice to young people. Thank you to all our colleagues who participated and donated to the charity. #CommunityImpact #SustainabilityStrategy

We’re looking for a HR Coordinator to provide support to the HR business partner team and HR operations team. Our ideal applicant will have demonstrable HR administrative experience from within a corporate environment. You will have proven experience of HR operations, including letter writing, reporting, payroll and non-payroll input into the HR system. The successful candidate will be an excellent communicator and will be comfortable dealing with stakeholders at all levels. This role is a full-time permanent position, with a salary of £30,000 to £35,000 per annum, plus Civil Service Pension and other benefits. The role is based at our Croydon office with hybrid working. Find out more: https://bit.ly/3DvQZLp #HRCoordinator #HumanResources #InclusiveEmployer

We’ve made industry leading changes to our bereavement process to give our members peace of mind and reduce the burden on loved ones when a member passes away. Some of the improvements we’ve made are: - We now ask members to provide details and evidence of a beneficiary in life - Members can view a forecast of what their beneficiary would receive in the event of their death - Nominated beneficiaries can now complete their claim form online - Nominated beneficiaries can track the progress of their claim online These improvements reduce the amount of evidence we ask families for during difficult times, help members and beneficiaries plan for the future and can help speed up the claims process. Read more: https://bit.ly/3BoAMHw #BereavementProcess #CustomerService

Following positive engagement with stakeholders as part of our levy consultation, we're now looking to finalise and publish our levy determination and rules for 2025/26 by the end of January.   Our Board has been considering all options, including reducing the levy further before any legislative change. As part of this we've been working closely with DWP.    “The Board is grateful to those who responded to our consultation and for the chance to openly engage with other key stakeholders," said Kate Jones, our Chair.   “We recognise the need to minimise uncertainty for levy payers but trust taking the time to get this right will be viewed positively. Ultimately, we don’t want to charge the levy for any longer than is needed and are working towards this goal.”    Read our full statement: https://lnkd.in/gdzADrg7

We have an employee-led menopause support group that brings people from across our organisation together to share experiences of menopause in a supportive way. The group aim to help our employees feel comfortable to have open conversations about menopause. We recently held an interactive and informative online workshop, where we were joined by My Menopause Centre’s Dr Clare Spencer. The key topics discussed were: - The menopause transition stages and symptoms - How and why it affects mood and cognition - Cognitive Behavioural Therapy (CBT), exploring how it works and easy exercises to try - The power of mindfulness and meditation, with practical tips Thank you to all who joined us at the workshop. #MenopauseAwareness #EmployeeSupport #DiversityAndInclusion

Barry Kenneth, our Chief Investment Officer, has made CIO's 2024 Power 100 list. The list recognises top CIOs around the world that, through strong leadership and investment acumen, guide their organisations through a myriad of challenges and market conditions.   This year alone, Barry has led our investment team to: - Deliver a return of 7.2% for our growth portfolio - Grow our reserves from £12.1bn to £13.2bn, despite an uncertain inflation and interest rate backdrop - Make strong engagement progress with our Climate Watchlist companies - Win IPE's Fixed Income award   Congratulations to Barry on this highly regarded industry recognition!   https://lnkd.in/gU3DRcwR Chief Investment Officer #ChiefInvestmentOfficer #Investment #InvestmentIndustry

We’re looking for an Investment Team Administrator to provide efficient administrative support to the investment front office team. Our ideal candidate will have process-driven administrative experience working with C-suite/director-level stakeholders with a financial services (investment) background and be comfortable managing an ever-changing workload with conflicting priorities; being able to make the correct decisions in a fast-paced corporate environment. We are partnering with Career Returners and welcome applications from candidates with relevant experience who have taken a career break. We are also open to standard applications through our website. For this role, we can consider either full-time or part-time, four days per week (not compressed hours). This is a permanent position with a salary of £35,000 to £38,000 per annum, plus Civil Service Pension and other benefits. This is an office-based role at our Cannon Street office. Closing date 20 December 2024. Find out more: https://bit.ly/41rs9GI #InvestmentAdministrator #TeamAdministrator #InclusiveEmployer

Today, we published the latest edition of our Purple Book. “After the dramatic improvements to DB funding levels in recent years, the past year has been marked more by stability,“ said Shalin Bhagwan, our Chief Actuary and Interim Chief Financial Officer. “While aggregate scheme funding remains strong – with a net surplus of £219 billion – risks do remain, underscoring the vital importance of sound endgame planning. The DB universe continues to mature as evidenced by de-risking trends with bond allocations up and further reductions to equity holdings. By refining our roll-forward methodology and using updated data, this year’s Purple Book provides an enhanced picture of DB scheme funding in absolute terms.” See below for key trends or visit our website for the full data: https://lnkd.in/ecd9Bqh7 #PurpleBook2023 #Pensions #Actuary

We’ve published our Purple Book 2024, which highlights trends in DB scheme funding, demographics and asset allocation. The 19th edition of our Purple Book shows the strong net funding position of the universe of DB pension schemes has remained largely stable over the past year. Find out more: https://lnkd.in/eKFeUut9 #PurpleBook2023 #Pensions #Actuary

We’ve published a joint statement on defined benefit pension scheme funding data alongside the Office for National Statistics and The Pensions Regulator.  The statement acknowledges and summarises the different approaches our organisations take to data collection and processing. It also highlights changes that we and TPR have made to the methodologies we respectively use to calculate scheme funding data. We’ll continue working with ONS and TPR on an ongoing basis and expect that PPF and TPR datasets will show greater alignment in future based on our collaboration and proposed changes.  Read the joint statement on the ONS website: https://bit.ly/41gvhVG