- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Mission: Our mission means making sure we can protect people with a defined benefit pension when an employer becomes insolvent, today, tomorrow and for as long as they need us.
We strive to do the best work we can do and we value integrity ...
In brief, the Pension Protection Fund’s main function is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer, and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation.
The Pension Protection Fund is a statutory fund run by the Board of the Pension Protection Fund, a statutory corporation established under the provisions of the Pensions Act 2004.
To help fund the Pension Protection Fund, compulsory annual levies are charged on all eligible schemes.
Investing the assets of the Pension Protection Fund effectively is a further key function of the organisation.
The Pension Protection Fund is also responsible for the Fraud Compensation Fund - a fund that will provide compensation to occupational pension schemes that suffer a loss that can be attributable to dishonesty.
Thousands of people depend on the Pension Protection Fund to pay them compensation for the money they lost when their pension scheme collapsed.
We protect millions of people throughout the country who belong to defined benefit, eg final salary, pension schemes.
Over 235,000 people are currently receiving compensation, and many more will do so in the future.
Our ICARE values define the way we work and we measure our performance against them.
The ICARE values define how the PPF wishes to conduct itself and how we expect our employees to behave. They represent the type of culture we wish to foster within the organisation. Integrity, collaboration, accountability, respect and excellence underpin everything we do and ensure we perform to the best of our abilities in achieving our mission and vision.
Integrity – doing the right thing
Collaboration – working as one
Accountability – own your own actions
Respect – value every voice
Excellence – be your best
To celebrate and emphasise our commitment to the ICARE values, we hold ICARE awards where employees nominate a colleague who has shown particular excellence in their behaviour and results. Employees can also give token immediate recognition awards any colleague who has exemplified our values.
Working with us to realise our vision, we will ensure that your professionalism, dedication and enthusiasm is rewarded.
As well as the usual benefits – 26 days annual leave, discretionary performance related bonus and flexible working – we also operate a performance management system which aims to get the most out of people, allowing personal development and talent to flourish. Plus we offer a defined benefit pension to all our employees with generous employer contributions, and the option to join a defined contribution pension scheme instead.
Being part of the PPF is a chance to work in a unique environment: one that is stimulating and provides scope for all employees to invest in their personal growth. You will also learn a great deal about a diverse business that encompasses many professions and skill sets and have the opportunity to help shape the pensions landscape in the UK.
We also hold regular social and fundraising events with a busy corporate responsibility programme that supports national and local good causes. Our ‘volunteering’ days are very popular, and recently PPF staff have served Christmas dinner at a local community centre and decorated parts of a children’s centre.
PPF employees are also entitled to five days’ volunteering leave, which can be taken in conjunction with events organised by us, or externally.
We're committed to the promotion of diversity and inclusion to ensure that the talent,skills and expertise of all employees is maximised.
Our policies and procedures aim to ensure that we do not unlawfully or unfairly discriminate against individuals on the grounds of their their race, national or ethnic origin, disability, age, gender, sexual orientation, transgender identity or religion/belief.
We're proud to be part of the Disability Confident Scheme that recognises our success in employing and retaining disabled people and those with health conditions.
Our commitment under the scheme is to continue and build upon the support we provide both for candidates and employees with disabilities or health conditions.
To support the government's target of three million new apprenticeships by 2020, we’ve aimed to have at least 2.3% of our employees participating in an apprenticeship scheme.
Apprenticeships are open to all, there's no age limit. For our entry level apprenticeships, we look for the right attitude and behaviours rather than work experience.
Visit our website to find out more. https://ppf.co.uk/current-vacancies
Our investment team is made up of experienced professionals from across the asset management, insurance and banking communities. If you want to join our team and find out why the PPF is a great place to work, watch this video to find out more about our investment team.
I have been working at Pension Protection Fund full-time (Less than a year)
Morale is positive within the company
Atmosphere is nice and relaxed, not too pressured environment.
Work life balance is good
None so far since working here
The process took 1+ week. I interviewed at Pension Protection Fund (Croydon, England) in September 2019.
Welcoming attitude, prompt communication and interview structure was set out in advance so I could prepare for the writing test. Post-interview feedback was helpful, even though I was unsuccessful in getting the role.