Pensions - Articles - PLSA comment on the PPF accounts

 “The PPF provides a valuable safety net for UK pensioners who otherwise might have seen their retirement aspirations evaporate when their employer suffered financial difficulties. Today’s report highlights how a collective approach to managing pension scheme liabilities can benefit both companies and their employees. The positive investment performance and lower than expected claims have seen the PPF's funding ratio strengthen and its surplus grow by £2bn over the year. It is important that the PPF remains strong given the significant amount of risk that still exists in the DB sector. However schemes will be looking at these results with an eye on their levies and expect the PPF to continue, or accelerate, the downward trend in the overall quantum.”