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The Board of the Pension Protection Fund

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.

The Board is responsible for various functions including:

  1. Paying compensation.
  2. Calculating annual levies.
  3. Setting and overseeing the investment strategy of the Pension Protection Fund.

How will the Board be accountable?

As a public body, the Pension Protection Fund is accountable to Parliament, through the Secretary of State for the Department for Work and Pensions.

The Board's Statement of Operating Principles and Scheme of Delegations

The Board's Register of Interests

Board Sub-committees


Decision Committee Terms of Reference
Investment Committee Terms of Reference
Nomination Committee Terms of Reference
Reconsideration Committee Terms of Reference



Non-Executive Committee Terms of Reference


Audit Committee Terms of Reference
Remuneration Committee Terms of Reference

Please note that the Audit and Remuneration Committees are sub-committees of the Non-Executive Committee.

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