The London Stock Exchange today welcomed members of the Board and Executive Committee of the Pension Protection Fund (PPF) to its Market Open ceremony to celebrate its 20th anniversary.

Since its establishment in 2005, the PPF has played a vital role protecting the retirement incomes of millions of defined benefit scheme members across the UK. Over the past two decades, it has transferred more than 2,000 pension schemes including those associated with household names such as MG Rover, Woolworths, Toys R Us, and Carillion, ensuring financial security for more than half a million people. To date, the PPF has paid over £10bn in compensation, providing members with stability and peace of mind in retirement.

Today’s Market Open ceremony celebrates this remarkable journey – from small beginnings 20 years ago it has evolved into one of the world’s leading pension protection schemes. With around £32bn of assets under management – nearly half (c.£15bn) of which is invested in the UK – the PPF significantly supports the UK economy, government and businesses through debt and equity-based finance.

At the event today, PPF Chief Investment Officer Barry Kenneth unveiled new independent research by consultancy Frontier Economics assessing the economic footprint of the PPF’s UK investments, particularly the impact of its equity-based finance which has a disproportionate positive impact on growth versus debt investments

The report highlights the significant contribution of PPF-backed companies and assets to economic output, employment, and tax revenue. In total, the PPF’s equity and debt investments support £38.8bn in economic activity, 460,000 jobs, and £7.5bn in tax contributions. The research also shows that these investments are spread across the UK, benefiting all regions and key sectors such as manufacturing, construction, and infrastructure.