Fundamentally the same as the objectives published in the PPF’s annual report last year, the strategy calls for maintaining the solvency of the PPF, helping to build confidence in pensions and paying out proper compensation. It also aims to ensure effective communication with stakeholders, invest in its own staff and increase levels of stakeholder satisfaction.

Appointed on 14 June this year, the PPF’s new chief executive Partha Dasgupta said: “The strategic plan provides clarity to our stakeholders on our direction and thinking on key issues… We will continue to work with our stakeholders to encourage risk reduction in the pension system.”