It's our duty to protect people with a defined benefit pension when an employer becomes insolvent. We manage 36 billion of assets for our 276,000 members. When the sponsoring employer of a scheme becomes insolvent, insolvency practitioners need to submit an s120 within 14 days. Find out more information about insolvency risk scores, contingent assets and levy rules for 2021/22.
Every year we publish the pensions universe risk profile - the most comprehensive data and analysis of the UK defined benefit pension landscape. They supported our approach to increasing payments to PPF and. As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before.
Every year we publish the pensions universe risk profile - the most comprehensive data and analysis of the UK defined benefit pension landscape. They supported our approach to increasing payments to PPF and. As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before.
Services
About us
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We protect millions of people throughout the United Kingdom who are members of defined benefit pension schemes, to make sure that they'll be looked after if the scheme they've paid into fails. Over 230,000 people receive pension benefits from us and many more are likely to in the future. As well as collecting levies, we help fund ourselves by investing income and managing assets.
Who we are
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We're a statutory public corporation led by our board and accountable to Parliament through the Secretary of State for the Department for Work and Pensions. It's our duty to protect people with an eligible defined benefit pension when an employer becomes insolvent. We're also proud of our people, all of whom are committed to our mission and to serving over 270,000 members.
What we do
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We protect millions of people who belong to defined benefit pension schemes in the UK and pay pension benefits to over 270,000 people. Our mission is to pay the right people the right amount at the right time, underpinned by our Icare values. Here you'll be able to find the full list of schemes we now look after and those we're assessing.
Our Board
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Our Board helps hold us accountable and makes sure we meet our aims now and in the future. It also performs some functions given to it by law, such as setting a levy on pension schemes. While the Secretary of State for Work and Pensions appoints the Chairman, our other members are appointed by the Board.
Executive Committee
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Led by the CEO, our Executive Committee are responsible for the day-to-day running of the organisation. Recommending financial plans and budgets to the Board and setting out how they can be achieved. Statements of responsibilities of our senior managers and how they fit with our overall governance and management arrangements.
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