The National Association of Pension Funds (NAPF) welcomed figures published today (Monday) showing that the Pension Protection Fund (PPF) has a reserve of almost £400 million over liabilities.
Joanne Segars, NAPF Chief Executive, said:
“It is important that the PPF has a foundation of sound funding, and the move to a surplus is welcome. Taken together with its plans for reform of the risk-based levy and its long-term funding strategy, it has been a good year for the PPF.
“In the long term, the PPF must strike the right balance between being robustly funded and avoiding excessive burdens on pension schemes.”
Download printable version